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☆ 'Apprentice' host blasts WFH, saying it's bad for morale and learning — while giving a remote interview
▼ + stars: | 2024-02-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

"The Apprentice" host and entrepreneur Lord Alan Sugar recently blasted remote work in a BBC interview. AdvertisementBritish business mogul and "The Apprentice" host Lord Alan Sugar recently criticized remote working saying it's bad for morale and learning. Lord Sugar, who has been the star of the popular reality competition series "The Apprentice" since 2005, was giving a remote interview with BBC Breakfast after season 18 of the series premiered this month. But the video posted by the BBC on TikTok has been flooded with critical comments from users calling Lord Sugar hypocritical for his views. Lord Sugar recently shared some harsh words about the younger generation during an interview with The Daily Mail , where he criticized their sense of entitlement.

Persons: Lord Alan Sugar, He's, —, Alan Sugar, Sugar, Andrew Bloch, Bloch, Sugar's, Lord Sugar, It's, Gen Z, Whoopi Goldberg, John Catsimatidis, John Mackey Organizations: Service, BBC, Daily, Foods Locations: TikTok

☆ Morgan Stanley has named Ted Pick as its next CEO, putting an end to the race to succeed James Gorman at the top of a Wall Street giant
▼ + stars: | 2023-10-25 | by ( Hayley Cuccinello | Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Morgan Stanley's hard-charging trading boss Ted Pick is set to succeed CEO James Gorman. AdvertisementAdvertisementFive months after Morgan Stanley's James Gorman announced he was stepping down, the pick is in. AdvertisementAdvertisementPick is credited with transforming Morgan Stanley's key equities and fixed-income businesses. Morgan Stanley has declined to comment aside from stating earlier this year that the bank was cooperating with regulators. At a bank that prizes loyalty perhaps more than any other, a trader who "bleeds Morgan Stanley blue" may be a welcome choice.

Persons: Morgan Stanley's, Ted Pick, James Gorman, Gorman, Andy Saperstein, Dan Simkowitz, —, Morgan Stanley's James Gorman, Edward, Ted, Pick, Tom Glocer, Morgan, He's, Morgan Stanley, Simkowitz, Saperstein, John Mack, Mack Organizations: Service, Investment, Harvard, Disney, McKinsey, Staten

A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2022. Saperstein, who leads wealth management, will remain co-president and head of wealth, and take on additional responsibilities overseeing investment management. Simkowitz, head of investment management, will become co-president and head of institutional securities. GORMAN'S LEGACYGorman joined Morgan Stanley in February 2006 and was named co-president the following year. Gorman "guided a traditional, white-shoe investment bank through a transformative and successful evolution into a diversified, dynamic wealth management institution," said Ana Arsov, managing director at Moody's.

Persons: Morgan Stanley, Brendan McDermid, Morgan Stanley's, Ted Pick, James Gorman, Gorman, Andy Saperstein, Dan Simkowitz, Pick, Brian Mulberry, John Mack, Brian Moynihan, Jamie Dimon, Eaton Vance, Stephen Biggar, Biggar, bachelor's, Ana Arsov, Manya Saini, Niket, Tatiana Bautzer, Lananh Nguyen, Nupur Anand, Saeed Azhar, Megan Davies, Anil D'Silva, Devika Syamnath, Sonali Paul Organizations: New York Stock Exchange, REUTERS, Wall, Zacks Investment Management, Wall Street's, Bank of America, JPMorgan Chase, Trade Financial Corp, Eaton Vance Corp, Argus Research, University of Melbourne, Columbia University, Thomson Locations: New York City, U.S, Wall, Gorman, Australia, Bengaluru, New York

☆ How Morgan Stanley exec Ted Pick rose from 'rough edged' deal junkie to CEO
▼ + stars: | 2023-10-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +21 min

Editor's note: Morgan Stanley announced on October 25 that Ted Pick would replace James Gorman as CEO. Employees knew they were getting promoted if Pick told them to wear a tie the following day, an ex-managing director recalled. While Morgan Stanley currently trades at a premium among its Wall Street peers, its enviable success isn't thanks to Pick. Gonzalo Marroquin/Patrick McMullan via Getty Images Show less Morgan Stanley investment management head and dark horse in the race for CEO, Dan Simkowitz. Despite enjoying the stock price gains under Gorman's reign, plenty of longtime employees want another dyed-in-the-wool Morgan Stanley loyalist, according to a former senior executive.

Persons: Morgan Stanley, Ted Pick, James Gorman, Pick, Gucci loafers, Blackstone, Tony James, Morgan, Gorman, Andy Saperstein, Dan Simkowitz, John Mack, Ted, James, Phil Purcell, Mack, Purcell, Merrill Lynch, Paul Taubman, Colm Kelleher, coheads, Gonzalo Marroquin, Patrick McMullan, Saperstein, Euromoney, Parker Gilbert, He's, John, cohead, Bolu, Goldman Sachs, Pablo, tony, Betsey Kittenplan, Smith Barney, James cochairs, Jim Breyer, Anna Wintour, John Mack pranking Pick, John Waldron, I'm, Howard Marks, Bill Parcells, atta, Brian Moynihan, aren't, David Solomon, Jamie Dimon's, Eaton Vance, he's, you've, Richard Drew, —, Hayley Cuccinello Organizations: Employees, Archegos Capital Management, Blackstone, McKinsey, Getty, Middlebury College, China Construction Bank, Harvard Business School, Mitsubishi, Wall, Autonomous Research, Anguilla, Agricultural Bank of China, Capital Management, Metropolitan Museum of Art, Vogue, New York Rangers, Oaktree Capital Management, Bloomberg, Staten, Disney, JPMorgan, Trade, AP Locations: China, Beijing, Manhattan, New York City, Caracas, Venezuela, Brookville, tony Long, hcuccinello@insider.com

☆ This Morgan Stanley veteran is ready to be CEO — it just might be somewhere else
▼ + stars: | 2023-10-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +16 min

Morgan Stanley CEO James Gorman plans to retire by May 2024. "Cross-pollinating key leaders across our major businesses further knits the Morgan Stanley culture," Gorman wrote in a memo at the time. Morgan Stanley, which was the lead underwriter, had to step in to prop up the stock. In 2010, Morgan Stanley was picked as one of two lead underwriters — the other being JPMorgan — for the IPO of General Motors. With Morgan Stanley at the top of its game, breaking up this well-oiled team could be disastrous.

Persons: Morgan Stanley, James Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, He's, Simkowitz, Eaton Vance, Pick, Morgan, Getty, Dan, doesn't, Gorman, Morgan Stanley's, Saperstein, executive's protégé, Andy, Alex, Brown, Ted, she'd, Simkowitz's, Dean Witter Reynolds, Eaton, Calvert, Ruth Porat, Bob Scully, Fannie Mae, Freddie Mac, Will Dotson, Dan Akerson, TIMOTHY A, CLARY, Erik Gordon, Dodd, Frank, David Bieri, Gonzalo Marroquin, Patrick McMullan, Paul Taubman, Colm Kelleher, coheads, John Mack, Phil Purcell, Hayley Cuccinello Organizations: Disney, Harvard, McKinsey, Columbia Business School, Maccabiah Games, Team USA, Maccabi USA, Trenton Almgren, Davis, Lucent, Verizon, Mesa West Capital, JPMorgan, Calvert Research, Management, Facebook, Massachusetts Securities Division, Treasury, JPMorgan —, General Motors, Government Motors, General, New York Stock Exchange, Getty, University of Michigan's Ross School of Business, Citigroup, Virginia Tech, US Securities and Exchange Commission, United States Attorney's Office, Southern, of Locations: Bloomington , Indiana, Trenton, New York, Tokyo and Hong Kong, Boston, Washington, Switzerland, of New York, hcuccinello@insider.com

The business works with more than 300 family farms across the country, and can process up to six million eggs per day. Vital Farms eggs can cost anywhere from $6 to $10 per dozen, multiple times the national average. From Whole Foods to 24,000 storesIt took two years for Vital Farms to turn its first operating profit. Those factors are expensive, and Vital Farms has to convince farmers that the costs are worthwhile. Vital Farms can process up to 6 million eggs per day at the brand's central processing facility in Missouri.

Persons: Matt O'Hayer, he's, O'Hayer, John Mackey, Mackey, It's, Russell Diez, Canseco, Diez, — Organizations: Vital, Rhode, CNBC, Foods, Vital Farms, American Society for, Albertsons, Kroger, Walmart, Care, People, Animals, PETA, Cal, Research Locations: Austin , Texas, U.S, Houston, Austin, Midwest, Publix, Target, O'Hayer, Missouri, Maine

☆ Amazon loses One Medical CEO a year after acquiring primary care provider
▼ + stars: | 2023-09-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amir Dan Rubin, CEO of primary care provider One Medical, which Amazon acquired about a year ago, is leaving the company later this year. Twitch CEO Emmett Shear resigned from Amazon in March, and Whole Foods CEO John Mackey retired last year. Amazon has looked to shore up its presence in health care through the One Medical and PillPack deals, as well as by developing services in-house. Last August, the company shuttered its Amazon Care telehealth service amid broader cost-cutting efforts. Haven, a joint venture intended to disrupt health care, disbanded in 202.

Persons: Amir Dan Rubin, Neil Lindsay, Rubin, Trent Green, Trent, PillPack, TJ Parker, Elliot Cohen, Twitch, Emmett Shear, John Mackey, It's Organizations: Amazon, Amazon Health Services, CNBC, Washington Post, Federal Trade Commission, Whole Foods Locations: Haven

☆ Beyond Meat's newest ad targets meat industry attacks about plant-based food being ultra-processed and unhealthy
▼ + stars: | 2023-08-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Groups connected to the meat industry have said for years that plant-based meats aren't healthy. But it also counters one of the most common criticisms of plant-based meats from the animal meat industry – that these products are highly processed and unhealthy to eat. The Center has ties to the meat industry, according to Fast Company. In its own ads and messaging, the Center said that plant-based meat was "ultra-processed" and that the products posed health risks. The ad comes as Beyond Meat, Impossible, and other plant-based meat makers deal with a slump in sales.

Persons: Steven, Rick Berman, John Mackey Organizations: Service, Fast Company, Center for Consumer, Center, Foods, American Heart Association Locations: North Dakota, Wall, Silicon

☆ Meet Ted Pick, the hard-charging 'deal junkie' who looks poised to succeed James Gorman as CEO of Morgan Stanley
▼ + stars: | 2023-08-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

Morgan Stanley's hard-charging trading boss Ted Pick is the frontrunner to succeed CEO James Gorman. Morgan Stanley veteran Ted Pick is in the running to succeed chief executive James Gorman. Though Wall Street has dressed down over the last few years, he sticks to his suits and Hermès ties. While Morgan Stanley currently trades at a premium among its Wall Street peers, but its enviable success isn't thanks to Pick. He's a lot more like John Mack than James Gorman in terms of style," an ex-managing director said, referring to Gorman's sharp-elbowed predecessor.

Persons: Morgan Stanley's, Ted Pick, James Gorman, Morgan Stanley, Pick, Gucci loafers, Blackstone, Tony James, Morgan, it's, Andy Saperstein, Dan Simkowitz, Gorman, John Mack, Bill Parcells, Ted Organizations: Archegos Capital Management, NFL

☆ Meet Ted Pick, the hard-charging 'deal junkie' who rose to the top at Morgan Stanley the old-fashioned way — and looks poised to succeed James Gorman as CEO
▼ + stars: | 2023-08-01 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +20 min

Employees knew they were getting promoted if Pick told them to wear a tie the following day, an ex-managing director recalled. While Morgan Stanley currently trades at a premium among its Wall Street peers, its enviable success isn't thanks to Pick. Succession has traditionally been a bloody sport on Wall Street, and Morgan Stanley is no exception. Gonzalo Marroquin/Patrick McMullan via Getty Images Show less Morgan Stanley investment management head and dark horse in the race for CEO, Dan Simkowitz. Despite enjoying the stock price gains under Gorman's reign, plenty of longtime employees want another dyed-in-the-wool Morgan Stanley loyalist, according to a former senior executive.

Persons: Morgan Stanley, Ted Pick, Pick, Gucci loafers, Blackstone, Tony James, Morgan, James Gorman, Gorman, Andy Saperstein, Dan Simkowitz, John Mack, Ted, James, Phil Purcell, Mack, Purcell, Merrill Lynch, Paul Taubman, Colm Kelleher, coheads, Gonzalo Marroquin, Patrick McMullan, Saperstein, Euromoney, Parker Gilbert, He's, John, cohead, Bolu, Goldman Sachs, Pablo, tony, Betsey Kittenplan, Smith Barney, James cochairs, Jim Breyer, Anna Wintour, John Mack pranking Pick, John Waldron, Goldman, I'm, Howard Marks, Bill Parcells, atta, Brian Moynihan, aren't, David Solomon, Jamie Dimon's, Eaton Vance, he's, you've, Richard Drew, — Organizations: Employees, Archegos Capital Management, Blackstone, McKinsey, Getty, Middlebury College, China Construction Bank, Harvard Business School, Mitsubishi, Wall, Autonomous Research, Anguilla, Agricultural Bank of China, Capital Management, Metropolitan Museum of Art, Vogue, New York Rangers, Oaktree Capital Management, Bloomberg, Staten, Disney, JPMorgan, Trade, AP Locations: China, Beijing, Manhattan, New York City, Caracas, Venezuela, Brookville, tony Long

Under his leadership, Morgan Stanley became a wealth management powerhouse that aims to manage $10 trillion in assets. Morgan Stanley bought money manager Eaton Vance, online broker E*Trade, and stock-plan manager Solium Capital under Gorman's leadership. He was also the key architect behind Morgan Stanley's purchase of Smith Barney, a brokerage and investment adviser, in 2009. The acquisitions have made Morgan Stanley's U.S. wealth business an "asset gathering monster," and a "killer machine," he said on an earnings conference call last month. "This structure will ensure the continued stability of Morgan Stanley, while at the same time positioning it for a decade of exciting growth under new leadership."

☆ Here are the 2 very different execs in contention to be CEO of Morgan Stanley
▼ + stars: | 2023-05-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

James Gorman announced that he will step down as Morgan Stanley CEO in the next year. The three executives in contention are co-presidents Ted Pick and Andy Saperstein, as well as Dan Simkowitz, head of investment management at Morgan Stanley. Morgan Stanley declined to comment. But the long-time Morgan Stanley executives have distinct leadership styles and backgrounds. Do you work for Morgan Stanley?

☆ Morgan Stanley CEO James Gorman plans to step down after years of making the bank the envy of Wall Street. Here's a look at his legacy.
▼ + stars: | 2023-05-19 | by ( Rebecca Ungarino | Alex Morrell | Dakin Campbell | ) www.businessinsider.com time to read: +11 min

Morgan Stanley CEO James Gorman said he will step down in the next 12 months. Morgan Stanley CEO James Gorman was giddy. Seeking stabilityTo understand where Morgan Stanley is now, you need to return to the peak of the financial crisis. It didn't take long before Morgan Stanley began utilizing its new license to acquire clients' deposits, reducing its reliance on wholesale funding. Mack, who helped design the 1997 Morgan Stanley and Dean Witter merger, had been pushed out by Purcell in 2001.

☆ James Gorman, Morgan Stanley’s Long-Serving C.E.O., to Step Down Within a Year
▼ + stars: | 2023-05-19 | by ( Rob Copeland | ) www.nytimes.com time to read: +2 min

Mr. Gorman took over the bank in 2010, after Morgan Stanley nearly crumbled during the preceding financial crisis. Morgan Stanley has since hired some of that fallen bank’s advisers, bolstering its already enviable wealth management business, previously called Morgan Stanley Smith Barney. Mr. Gorman, 64, will likely depart at the same age as did his predecessor, John Mack, who left at 65. Neither Mr. Gorman nor Morgan Stanley gave an exact date for his departure from the chief executive role. The Morgan Stanley chief, referencing the drama around the show’s departed patriarch, said he had “no plans to go out like Logan Roy.”

☆ Billionaire says kids are 'too busy on TikTok' to work hard enough to grow their careers
▼ + stars: | 2023-05-15 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

John Catsimatidis says Gen Z is "too busy on TikTok" to work hard enough to start a career. Billionaire John Catsimatidis said in his youth he started out working 70 hours a week at a supermarket, but he worries Gen Z is "too busy on TikTok" to take similar steps. "That's one of the problems we are having in our country these days, the kids are busy playing TikTok," he told Daily Mail in an interview. However, Gen Z has indicated they're more concerned about work-life balance and less willing to put up with a toxic work culture. In 2022, a survey from the World Economic Forum found that about half of Gen Z workers would quit their job if it negatively impacted their work-life balance.

☆ Whole Foods co-founder John Mackey, who is worth $75 million, says that business is 'judged and attacked' by society. 'We are the real value creators in the world.'
▼ + stars: | 2023-03-14 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Whole Foods co-founder John Mackey thinks business is "judged and attacked" by society. Mackey spoke at a conference, in one of his first appearances since stepping down as Whole Foods CEO. "I always felt that business is misunderstood by society," Mackey said during the presentation, according to industry publication Baking Business. "Entrepreneurs are the true heroes in a free-enterprise economy, driving progress in business, society, and the world," he wrote. Now, he plans to start a chain of health restaurants in Southern California called Love.Life!, according to Baking Business.

☆ Elon Musk says CEOs should tweet more, but his tweets have been a double-edged sword
▼ + stars: | 2022-11-14 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Elon Musk told CEOs on Wednesday to tweet more as it has "worked quite well" for him. But, experts say posting on social media can cause major issues for executives and their brands. Ultimately, legal experts say posting on social media is too risky for most CEOs. Executives' comments on social media could also fail to translate to younger generations with different values and worldviews, said Anat Alon-Beck, a business law professor at Case Western Reserve University. So while Musk may have built up a huge following with his off-the-cusp tweets and jokes, for most CEOs, the risks of tweeting are likely too great.

☆ That nondescript building on the side of the highway is the newest gold mine Wall Street is trying to tap
▼ + stars: | 2022-10-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But first, inside the latest Wall Street investment trend that's offering double-digit returns. Meet Wall Street's newest gold mine. So why should you care about Wall Street's sudden interest in warehouses? To read more about Wall Street's appetite for warehouses, check out the full story here. PE firms have started buying up stakes in law firms.

☆ I talked to 1,000 CEOs of highly successful companies—and they all agree this is the No. 1 type of employee
▼ + stars: | 2022-10-18 | by ( Robert Reiss | ) www.cnbc.com time to read: +3 min

As the host of the radio program the "The CEO Show" for the last 15 years, I've interviewed more than 1,000 of the world's top CEOs. These leaders all come from different backgrounds and have run very different companies, from Proctor & Gamble to Dunkin' Brands to LinkedIn. Robert Sanchez became CEO of Ryder System, a multibillion-dollar transportation and supply chain solutions company, in 2013. Nearly all the CEOs I talked to listed collaboration skills as one of their most desired traits in an employee. So rather than being offended, "any time someone interrupted me, I actually saw it as a positive opportunity," he said.

☆ Former Morgan Stanley CEO John Mack breaks down the 10 minutes that defined his career
▼ + stars: | 2022-10-13 | by ( Andrew Ross Sorkin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley CEO John Mack breaks down the 10 minutes that defined his careerFormer Morgan Stanley CEO John Mack sits down with CNBC's Andrew Ross Sorkin to discuss his new book, 'Up Close and All In: Life Lessons from a Wall Street Warrior.'

☆ Former Morgan Stanley CEO John Mack on dementia diagnosis: 'If you have a problem, you go at it'
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley CEO John Mack on dementia diagnosis: 'If you have a problem, you go at it'Former Morgan Stanley CEO John Mack sits down with CNBC's Andrew Ross Sorkin to discuss his new book, 'Up Close and All In: Life Lessons from a Wall Street Warrior.'

☆ Former Morgan Stanley CEO John Mack on lessons from the 2008 financial crisis, crypto
▼ + stars: | 2022-10-13 | by ( Andrew Ross Sorkin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley CEO John Mack on lessons from the 2008 financial crisis, cryptoFormer Morgan Stanley CEO John Mack sits down with CNBC's Andrew Ross Sorkin to discuss his new book, 'Up Close and All In: Life Lessons from a Wall Street Warrior.'

☆ Former Morgan Stanley CEO John Mack shares blueprint to saving firm during Great Recession
▼ + stars: | 2022-10-12 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Morgan Stanley CEO John Mack shares blueprint to saving firm during Great RecessionFormer Morgan Stanley Chairman and CEO John Mack sits down with CNBC's Andrew Ross Sorkin to share his experience saving the bank from being taken over during the 2008 financial crisis. Mack sheds light on the life lessons he has learned on Wall Street in his new book "Up Close and All In," including what he calls 'the best 10 minutes' of his career.

☆ Whole Foods is quietly raising prices on small brands and industry insiders worry the grocer could be returning to its 'whole paycheck' image
▼ + stars: | 2022-10-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +9 min

Whole Foods is raising prices on some emerging brands, according to food-industry insiders. Whole Foods' recent price increases are larger than many expected, even with inflation. Brokers act as advocates for food brands, especially when it comes to working with retailers to increase brands' distribution. But Whole Foods' recent price increases are larger than many expected, even with inflation, according to the consultants Insider spoke to. "I am concerned that the price increases at the retail level have been significantly higher than that," she said.

☆ How Whole Foods' new CEO plans to blend Amazon's latest tech with the grocery chain's product expertise
▼ + stars: | 2022-09-20 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Whole Foods CEO Jason Buechel wants to make the chain's stores "theater" for shoppers. He plans to roll out Amazon technology while preserving Whole Foods' reputation with foodies. But he also noted that Whole Foods stores should be "theater" for shoppers, giving them insight into how their food is raised and what's in it by interacting with workers. In February, Insider reported that Amazon's Dash carts weren't being used as often as the company expected at its Amazon Fresh stores. Whole Foods' stringent standards for productsBut technology can't do everything, Buechel said, adding that Whole Foods wants to maintain its reputation for offering high-quality food.

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