5 Reasons Morgan Stanley Can’t Catch A Break This Week

Barely two weeks after it was downgraded to from A to A- with a negative outlook by S&P, Morgan Stanley is having another bad week in the press. With Europe in crisis and Jon Corzine seemingly on Capitol Hill on an hourly basis, press officers at banks must have hopped for a week out of the headlines. Morgan Stanley has not been so lucky.

Interesting piece from thebusinessinsider.com:

Barely two weeks after it was downgraded to from A to A- with a negative outlook by S&P, Morgan Stanley is having another bad week in the press. With Europe in crisis and Jon Corzine seemingly on Capitol Hill on an hourly basis, press officers at banks must have hopped for a week out of the headlines.

Morgan Stanley has not been so lucky.

Here are five stories that the white shoe firm wish would go away:

1) Your ex-CEO through a lavish going away party for himself.

John Mack held an exclusive after-party to his official retirement dinner using company cash, a move that is less than in tune with these recessionary times.

His former colleagues were upset enough to complain to Fox’s Charlie Gasparino.