We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Falling knife

19 December 2007 By Richard Beales

The CEO’s efforts to emulate Goldman Sachs have backfired, with trading losses undoing advances elsewhere. Heightened risktaking got ahead of the necessary checks and balances. Mack is less vulnerable than, say, Merrill’s O’Neal was, but at best he s back near square one.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)