This is Master's in Business with Barry Redholz on Bloomberg Radio.

This week on the podcast, boy do I have an extra special guest.

John Mack, legendary CEO of Morgan Stanley.

Man, this is just a master class on leadership, on team building, on understanding a business

and understanding what to do for your clients.

So not only that they give you business, but they give you their loyalty and their ongoing

respect, I don't know what else to say other than my conversation with Morgan Stanley's

John Mack.

I've been looking forward to this conversation for quite a while.

As soon as I saw the book came out, I was, I have to really get the insight to from

John.

And so let's start with the beginning.

You started Smith Barney in 1968.

What was so compelling about a North Carolina kid from Duke going to Wall Street?

Well, it was pretty simple.

So I was on scholarship at Duke, an athletic scholarship, and cracked C5 in my neck.

So my scholarship was only valid for four years and I needed one class to graduate.

I had very little money and I fought it past away when I was in college.

So I needed a job and I went down and knocked on the door at a company called First Securities

of North Carolina.

And a guy named Bill of Honor said, look, you know, nothing about the business.

I'll put you in the back office and you can go to your one class every day ahead and

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