July 16th, 2007
03:00 PM ET
11 years ago

Morgan Stanley CEO holds major fundraiser for Clinton

Morgan Stanley CEO John Mack is holding a major campaign fundraiser for Clinton.

WASHINGTON (CNN) - Former Bush backer and Morgan Stanley chief executive John Mack is holding a major campaign fundraiser for New York Sen. Hillary Clinton on Monday afternoon, encouraging high level managers of his Wall Street company be "involved in the political process."

"When it comes to supporting political candidates, I have always looked beyond party labels to the person who I felt was best for the job and most able to lead the country forward," Mack said in an email to Morgan Stanley executives. "I personally believe that person is Hillary Clinton."

He said that the minimum donation to attend is $1,000, but he encouraged employees to give $4,600, the maximum allowable contribution for a presidential campaign. Clinton is scheduled to appear at the fundraiser at the Morgan Stanley office in Times Square in New York City.

Mack said donating to her campaign is “purely voluntary” and encouraged employees to take part in the upcoming presidential election, regardless of who they choose to support.

Mack and his wife, Christy, announced their support for Clinton's presidential bid in April. In 2004, Mack was one of Bush's "Rangers" who helped him raise more than $200,000 during his last campaign.

–CNN Associate Producer Lauren Kornreich

Filed under: Hillary Clinton
soundoff (14 Responses)
  1. Kt, Marietta, GA

    Hillary, Hillary, Hillary... Come back from the dark side! I don't want another president beholden to powerful corporate entities that assisted in their election. It is time for a president that is beholden to the average American!

    July 16, 2007 05:12 pm at 5:12 pm |
  2. James Adams, Ocean NJ

    Big Deal ! This is another example of the oligarchy that runs this country.
    This guy just wants influence. Bush-Clinton, Bush-Clinton...??? Vote OBAMA !!!

    July 16, 2007 05:39 pm at 5:39 pm |
  3. Glenda, McEwen, TN

    I admire a person who looks at the person and not the party. It should be the person who is best qualified to lead our country forward and regain our respect as a nation that we once had.

    July 16, 2007 05:48 pm at 5:48 pm |
  4. John Schaaf, Long Beach, Ca.

    To get elected President you have to raise an ungodly amount of money, and you have to go to ungodly environments to raise it. Historically, The Republic Party has outspent the Democratic Party somewhere along the lines of two to one. Enough unilateral financial disarmament! Look at here voting record and you will see that she supports the "average american" moreso than any of the Republic Party candidates.

    The only way we are going to change the way that our system is corrupted by all of the money is to elect a Democratic White House and Congress to pass real campaign finance reform to clean up the system. Of course, anything will have to get passed the Republican Supremely Political Court that bizarrely, in the past, has equated unfettered corporate largess and individual free speech.

    John Edwards/Bill Richardson Ticket in 2008

    July 16, 2007 06:08 pm at 6:08 pm |
  5. Patrick Kunc, Denver Colorado

    John Schaaf,

    The things you want such as campaign finance reform have been supported the most by John McCain. None of the other mainstream candidates have done as much as him to clean up the system. If you want change to happen vote McCain.

    July 16, 2007 06:45 pm at 6:45 pm |
  6. Kt, Marietta, GA

    John, I doubt Obama would feel comfortable with a Morgan Stanley fundraiser. And, he has outraised Hillary. Saying that she is better than most republicans is not good enough.

    July 16, 2007 07:18 pm at 7:18 pm |
  7. k - Louisville

    hmmmm wow... this really shows where hillary gets her money

    July 16, 2007 07:50 pm at 7:50 pm |
  8. Mike Washington DC

    Obiously we aren't going to be seeing any transparency in the bond market or meaningful investor protection under Ms Clinton.

    Keep the private jet filled with the finest vittles and never let the limo be late, way to go Mackey. A third pary is waaaayyy overdue.

    July 16, 2007 07:51 pm at 7:51 pm |
  9. Richard, Austin, Texas

    Wow. Do you think any of his employees feel any pressure to donate and donate big because their boss wants them to donate. I thought that was illegal. Well if not it should be.

    July 16, 2007 08:14 pm at 8:14 pm |
  10. Mark, Lavallette, NJ

    This just goes to show how the wealthy in this country, the elite concentrations of power, the corporations essentially control our "democratic government." As Nader said, it is hypocritical of Hillary to go around pandering to both the average American and the powerful special interests at the same time. It is time for publicly financed elections.

    July 16, 2007 08:28 pm at 8:28 pm |
  11. Kyu Reisch, Radcliff, Kentucky

    Mr. Stanley is right, regardless the party, Americans should vote the most able to lead our country forward with the best job, that person is HILLARY. Small and narrow minded people are Anti-Hillary, Big and great people support Hillary and endorsed Hillary.
    I am very happy for our Country.

    July 17, 2007 12:20 am at 12:20 am |
  12. Perry, Dallas, Texas

    Oh, I'm sure HItlery will return all the money from the fundraiser. She couldn't possible accept money from one of those "evil" corporations.

    July 17, 2007 01:24 am at 1:24 am |
  13. RightyTighty

    Talking about corporate corruption out of one mouth while giving a smiling acceptance speech with the other.
    Thats the two faces of Hillary I know.

    July 17, 2007 02:22 pm at 2:22 pm |
  14. Anonymous

    Burn in hell Clinton! The blood of thousands of troops is on YOUR hands as well!

    July 17, 2007 05:23 pm at 5:23 pm |