Morgan Stanley CEO James Gorman plans to retire by May 2024, leaving big shoes to fill.
AdvertisementAdvertisementSuccession has traditionally been a bloody sport on Wall Street with the losers leaving and taking their lieutenants with them.
Morgan Stanley CEO James Gorman, who plans to retire by May 2024, wants the buck the trend so the bank can hold onto all three candidates.
"Wall Street has had a history of that not happening," said Gorman in a July earnings call.
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, —, Gorman, Morgan, Ted, He's, Tony James, Morgan Stanley's, Pick, Simkowitz, Dodd, Frank, Fannie Mae, Freddie Mac, Dan, Andy Saperstein Saperstein, Merrill Lynch, Bloomberg, Hayley Cuccinello
Organizations:
Service, Archegos Capital Management, Washington , D.C, Federal Reserve, Treasury, General Motors, AIG, Citigroup, McKinsey, Staten, Disney, Hamptons
Locations:
Washington ,, hcuccinello@insider.com