Morgan Stanley

“And it was a private partnership. I would say, of the 35 partners, 20 of them probably went to Princeton. And the rest of them probably went to Yale or Harvard.”

“We used to bring over one or two of their up and growing partners to work with Morgan Stanley in New York for 12 months.”

“One of the things we started doing as I got more and more comfortable in the job, it was clear that on a Friday afternoon at two o'clock, a lot of the men would disappear to go play golf from May to September. And all of, most of the women were still there wor…”

“We were back then, we were a small private, ah, partnerships. It wasn't a huge firm of a thousand people. It was probably four or 500 people.”

“Tim Geithner, who ran the New York Fed, called me and said, look I can't have Morgan Stanley go out of business. I want you to call Jamie Dimon and he will buy your company. No, we're desperate. I called Jamie and he said, John, I don't want your company. He s…”

“I go over and pick up the phone, and he said, I'm on here with Ben Bernanke and Hank Paulson. You know, we want you to sell your firm. And I said, well, you know, out of respect for you, I called Jamie Dimon, and he'd only pay me two dollars a share. And Guy A…”

“Yeah, well thank, you know, you got to get a lot of credit to Mary Meeker, because when she was the analyst way back then, she really pushed the firm to get a lot more involved in tech, and we did, thank God.”

“Morgan Stanley spends, I think, five, six billion dollars on technology per year, which has been huge for a lot of our companies.”

“A number of the hedge funds would come in and borrow money from us through, through a repo account. And then they would take that money and use it to short our stock. And it wasn't just us. They did it to Lehman. They did it to us.”

“And, you know, they're the ones that wrote the big check that got us out of the bind.”