Hintz Says Mack’s Bonus Decision `Right Thing to Do’: Video

Dec 18 Bloomberg — Brad Hintz an analyst at Sanford C Bernstein Co talks with Bloomberg s Mark Crumpton about Morgan Stanley Chief Executive Officer John Mack giving up his bonus for a third straight year Mack who will hand off his CEO job to James Gorman at the end of the year cited this unprecedented environment in a memo to employees today that was confirmed by spokesman Mark Lake Mack gave up his bonus in 2007 after the firm s first quarterly loss as a public company and in 2008 when Morgan Stanley took a 10 billion taxpayer bailout Source Bloomberg