After discovering in janu ary that his bank had lost €4.9 billion ($7.6 billion) through the actions of a rogue trader, the first investment banker that Societe Generate chairman Daniel Bouton turned to was Donald Moore, Morgan Stanley's global head of financial institutions. Urgently looking for ways to raise capital, Bouton phoned Moore as the deal maker was preparing to board a flight in Shanghai on his way to the World Economic Forum in Davos, Switzerland. Moore immediately called his boss, John Mack, and suggested that Morgan Stanley underwrite a rights issue of as much as €6 billion, arguing that SocGen's underlying business was sound. When Moore landed in Hong Kong for a connecting flight, he opened an e-mail from Mack giving him the green light.
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