ABC News’ Jake Tapper Reports: Morgan Stanley CEO, John Mack, is endorsing Hillary Clinton for President in a letter to the firm’s Managing Directors and Executive Directors and is inviting them to a fundraiser he and his wife are hosting for Clinton, tonight.
The announcement is surprising given the fact that Mack raised at least $200,000 for the Bush campaign back in 2004 and earned the title of ‘Bush Ranger’ by the President’s campaign.
"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 wrote in the letter. Adding, "I personally believe that person is Hillary Clinton."
The letter outlines Mack’s backing of Clinton, saying Clinton has, "Consistently demonstrated a truly global perspective, and also has a deep understanding of the financial services industry and issues important to Morgan Stanley." Mack goes on to say he and his wife have spent a lot of time working on healthcare issues and said they were "impressed" by Clinton’s healthcare initiative.
Mack makes it clear in his letter that participation in the event is purely voluntary, but invites those who would like to participate to RSVP. Mack writes that the minimum contribution for the event is $1,000 per person, the maximum contribution for an individual is $4,600 ($2,300 to the primary election and $2,300 to the general election).