John Mack: 'Unbelievably Generous' Wall Street Compensation Will Have To Come Down

John Mack: 'Unbelievably Generous' Wall Street Compensation Will Have To Come Down

from Clusterstock by Julia La Roche

Today on Bloomberg TV's "Market Makers" co-anchor Stephanie Ruhle asked Wall Street legend John Mack if he thought there should be celebration of many of the one-percent living the American dream.
The former CEO and chairman of Morgan Stanley's answer suggests that Wall Street's compensation and the way it showed off that pay  needs to change. http://www.businessinsider.com/john-mack-wall-street-compensation-2012-10?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29