Morgan Stanley chief James Gorman to step down within a year
“According to people familiar with the matter, the leading candidates to take over are co-presidents Ted Pick and Andy Saperstein, who oversee Morgan Stanley’s institutional securities and wealth management divisions, respectively, and Dan Simkowitz, head of the investment management unit. ” - FT
Thoughts?
Thoughts?
Del
Bumpppppppp
Interesting. I thought he was doing well all things considered. I wonder what the reason is.
Probably because he's 64.
Munger is 99, Buffett is 93.
Schwarzman pushing 80, Dimon 60+
Not everyone wants to work that long
Gorman has run a masterclass in preserving power. His restructurings kept numerous candidates at bay and left the Board without viable candidates to replace him.
Interesting, explain?
I tried so hard, and got so far, but in the end it doesn’t even matter
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