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Morgan Stanley chairman John Mack to retire at end of 2011

Morgan Stanley’s chairman John Mack will step down as chairman and leave the board of directors at the end of 2011. The widely expected move brings an end to a storied Wall Street career for Mack. The North Carolina native was CEO of Morgan Stanley from 2005 to 2009. Current CEO James Gorman will take over the chairman’s role.

BofA Under Secret Sanction

BofA is operating under a secret regulatory sanction requiring it to overhaul its board and address other problems or face harsher penalties.

AIG Delays Proxy Filing to Reshuffle Its Board

AIG has delayed filing its proxy statement amid a discussion of expanding and reshuffling the board.

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