John Mack Quotes on Performance (3 Quotes)

Morgan Stanley has tremendous strengths as a global financial services firm, but it is clear that our current level of profitability is unacceptable and we need to improve our performance, ... Our overriding goal for Morgan Stanley is to be the clear leader in offering premier, innovative financial services to our clients, while delivering superior returns to our shareholders. The decisions to keep Discover, divest the aircraft leasing business and strengthen our retail business are our first steps toward achieving that goal.

Given the management changes and other distractions the firm has haced over the past nine months, this impressive performance is a testament to the talent and commitment of our people and the fundamental strength of our franchise,

There is a great deal that we can and must do to improve its performance.