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Morgan Stanley, the New York financial giant that employs one of Mayor Daley's nephews, has been picked to help the Cook County Board borrow $150 million to get by until the county's 1 percent sales-tax increase starts flowing into the treasury.
It's the first deal between the county and Morgan Stanley since the company hired William Daley Jr. -- a nephew of the mayor and Cook County Commissioner John Daley -- to help win business.
Over the last year, William Daley Jr. has met with County Board President Todd Stroger and his top two assistants -- his chief financial officer, Donna Dunning, and former chief of staff Lance Tyson.
"Yes, he made stops to see me,'' Dunning said of Bill Daley Jr. "But he is not working in a senior position. He accompanied William Mack, who is the senior manager for Morgan Stanley. He was there in a junior position.''
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