Description

From John Mack former CEO of Morgan Stanley an intimate personal memoir and riveting business story recounting how he helped grow the company from 300 to 50000 employees over four decades transformed a notoriously competitive culture into a successful and collaborative one and lead the company through the 2008 financial crisis

During his thirtyfouryear tenure at Morgan Stanley John Macks goal was to build the strongest and most productive team on Wall Street His ability to motivate his employees to do their best work especially in times of crisis was fostered by his willingness to slash through bureaucracy and stand up to powerful interests A forceful personality one journalist said Mack was described as charismatic so regularly that it could be part of his name

In Up Close and All In Mack traces his personal journey from a onestoplight North Carolina mill town to a fortiethfloor corner office on Wall Streetand shares the life lessons he learned along the way He developed a titaniumstrength stomach for risk stress and competition while landing accounts early in his career as investment banks fought like wolfpacks to take advantage of new deregulation fielding business raids booms and busts As he rose through the ranks he never forgot where he came from relying on his instincts doing what was right and listening to his people on the front lines This culture of trust and collaboration helped Morgan Stanley anticipate future trends before other firms adapt quickly and achieve record profits

This gripping memoir includes both humbling lowslike when Mack made the difficult decision to leave Morgan Stanley in 2001and exhilarating highssuch as when he made an eleventhhour agreement with the Japanese bank Mitsubishi to save the company during the 2008 financial crisis having refused to give in when top regulators pressured him to sell the firm for 2 per share

With humor and honesty Mack shares advice on both business and life how to create a culture of team players how to keep perspective during crises how to make difficult decisions when all eyes are on you and more From a singular man whos as unafraid to cry publicly as he is to anger some of the most powerful people in the world this is an indispensable guide to living and leading well