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Say It Ain't So, Mack!

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Apr 27, 2007 11:28 pm

MS's Mack is backing Mrs. Bill Clinton for President.

Apr 28, 2007 12:52 am

[quote=doberman]

MS's Mack is backing Mrs. Bill Clinton for President.

[/quote]

mikebutler, please comment.

Apr 28, 2007 2:37 pm

MS once paid bill clinton 100k to speak at a conference. you would not believe how many negative calls we had to field. i  lost one account, but other lost more. It is a love/hate thing with the clintons. the client who left me was a religious person and could not understand why we would support someone like bill. I am in Virginia so maybe the fallout was worrse here than other states. Maybe it is phil purcell that is backing billary and they got the press release wrong

Apr 28, 2007 4:27 pm

[quote=aldo63]MS once paid bill clinton 100k to speak at a conference. [/quote]

Yep, and you'd think Mack would have learned. I simply can't understand why anyone in business would take the risk of offending at least 50% of their client and prospect base by doing this. Unless it's been twisted in the press, it's just dumb dumb dumb.

Apr 28, 2007 8:44 pm

I agree Mike.

I certainly don't make my political leanings public to my clients. However, I will make known (if asked) that I support whatever candidate best represents the principles of freedom, free enterprise, etc.

Afterall, we're in the "Wall Street" business. Heavy government regulation and intervention will kill Wall Street, not to mention our livelihood.

Apr 28, 2007 10:32 pm

U think the Clintons are with MS PWM?

Apr 28, 2007 10:38 pm

[quote=DirtyDeltaBro]U think the Clintons are with MS PWM? [/quote]

I hear Hillary trades commodities with them…

Apr 28, 2007 11:05 pm

[quote=joedabrkr] [quote=DirtyDeltaBro]U think the Clintons are with MS PWM? [/quote]

I hear Hillary trades commodities with them....
[/quote]

 Yeah, I want in on that action! Turning $100,000 into over a million, in a matter of weeks. Ohhhhhh yeeeeaaaahhhh!!!!

Apr 30, 2007 1:51 am

Wow...backing any candidate, even worse, Hillary has got to be one of the most bone-headed moves I've ever seen.  MB, for your sake, I hope the press has this one wrong, or that Mack recants ASAP.  Geez..could he pick a more divisive candidate?!!

Apr 30, 2007 11:49 am

Guys, maybe the conversation went something like this:

"John, you won't be able to have sidebar chats with Art S. anymore in 2009. Dubya's loyal lackeys Alberto (DOJ) and Chris (SEC) will be gone. Hillary very well might win. I am backing her as an insurance policy for you. You're my meal ticket, John, and this move makes good cents!"

Anyone read CIO.com's latest issue? There's an interesting article in there about Morgan Stanley.

Apr 30, 2007 2:10 pm

Sounds like the "news" came from Hilary's campaign and was confirmed by someone with MS.

http://www.cnbc.com/id/18351771

BusinessWeek also said the heads of Lehman Brothers, Goldman Sachs and JPMorgan Chase have all favored Democrats in their political giving patterns over the past few years, citing contribution tracker PoliticalMoneyLine.

A representative from Morgan Stanley confirmed that Mack and his wife Christy Mack have made a personal decision back Clinton.

Presented by the Federal Election Commission Individual Contributions Arranged By Type, Giver, Then Recipient


Contributions to Political Committees

MACK, JOHN
NEW YORK, NY 10036
MORGAN STANLEY & CO INC

   MORGAN STANLEY POLITICAL ACTION COMMITTEE 04/30/1999 2500.00 99034882424
MACK, JOHN
NEW YORK, NY 10036
MORGAN STANLEY DEAN WITTER

   MORGAN STANLEY POLITICAL ACTION COMMITTEE 05/04/2000 2500.00 20035672159
MACK, JOHN
RYE, NY 10580
MORGAN STANLEY

   TORRICELLI, ROBERT G
    VIA TORRICELLI FOR U S SENATE INC 07/20/1999 1000.00 20020022393 03/15/2002 1000.00 22020242392
MACK, JOHN
RYE, NY 10580
MORGAN STANLEY & CO

   CAMPBELL, TOM
    VIA CAMPBELL FOR SENATE 12/20/1999 1000.00 20020080157
MACK, JOHN
RYE, NY 10580
MORGAN STANLEY & CO INC

   LOWEY, NITA M
    VIA NITA LOWEY FOR CONGRESS 03/03/1999 1000.00 99034730114 04/22/1999 1000.00 99034730114
MACK, JOHN
RYE, NY 10580
MORGAN STANLEY DEAN WITTER

   LUGAR, RICHARD G
    VIA FRIENDS OF DICK LUGAR INC 12/08/1999 1000.00 20020011817
MACK, JOHN
RYE, NY 10580
MORGAN STANLEY/MANAGING DIRECTOR

   MORGAN STANLEY POLITICAL ACTION COMMITTEE 02/01/2006 5000.00 26980171274 03/01/2007 5000.00 27930657964
MACK, JOHN J
RYE, NY 10580
MORGAN STANLEY AND CO

   BAUCUS, MAX
    VIA FRIENDS OF MAX BAUCUS 03/28/2002 1000.00 22020222010
MACK, JOHN J
RYE, NY 10580
MORGAN STANLEY DEAN

   SCHUMER, CHARLES E
    VIA FRIENDS OF SCHUMER 06/13/2000 1000.00 20020250205 06/13/2000 1000.00 20020250205
MACK, JOHN J
RYE, NY 10580
MORGAN STANLEY DEAN WITTER

   BUSH, GEORGE W
    VIA BUSH FOR PRESIDENT INC. 05/20/1999 250.00 99034572435
   EDWARDS, JOHN R
    VIA EDWARDS FOR SENATE 06/15/2000 1000.00 20020241666
   FRIENDS OF PHIL GRAMM PAC 02/04/2000 1000.00 20020242328 02/04/2000 1000.00 20020242328
   LAZIO, RICK A
    VIA LAZIO 2000 INC 06/21/2000 1000.00 20020200396 06/21/2000 1000.00 20020200396
   QUAYLE, DAN
    VIA QUAYLE 2000 INC 02/24/1999 1000.00 99034443506
   SCHUMER, CHARLES E
    VIA FRIENDS OF SCHUMER 03/19/2002 1000.00 22020571766
MACK, JOHN J
RYE, NY 10580
MORGAN STANLEY/CHAIRMAN/CEO

   CLINTON, HILLARY RODHAM
    VIA FRIENDS OF HILLARY 09/13/2005 2000.00 25020441117 09/13/2005 2000.00 25020441117
MACK, JOHN J. MR.
RYE, NY 10580
MORGAN STANLEY DEAN WITTER/INVES

   MCCAIN, JOHN S
    VIA MCCAIN 2000 INC 11/22/1999 1000.00 20990037104
MACK, JOHN J. MR.
RYE, NY 10580
MORGAN STANLEY DEAN & WITTER/PRES

   TEACHING HOSPITAL EDUCATION PAC 09/24/2002 1000.00 22992329091 11/01/2004 1000.00 24991379254 08/02/2005 1000.00 25971058793 03/06/2006 1000.00 26930081115
MACK, JOHN MR
RYE, NY 10580
MORGAN STANLEY/CHAIRMAN

   MCCONNELL, MITCH
    VIA MCCONNELL SENATE COMMITTEE '08 05/05/2006 1000.00 26020410718
Total Contributions:    41250.00
Apr 30, 2007 2:40 pm

Warren Spector (BSC) and Dick Fuld (LEH) are probably backing her, too. Not sure who Rich Handler's (JEF) backing. Spector and Fuld are lifelong Democrats.

Maybe John wants Hillary to teach him how to trade commodities. I hear she's pretty good!