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

Cutting loose

19 March 2008 By Antony Currie

The Wall Street firm posted a 20% return on equity, better than either Lehman or Goldman. True, it s just one quarter, but it s a handy fillip for chief John Mack, whose strategy of aggressively increasing risk turned into an $11bn debacle last year.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)