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...Disney’s directors and chief executive Bob Iger have faced fire from investors and governance experts for poor succession planning, with Iger returning to run the company in 2022 after his handpicked successor...
...When the Financial Times interviewed James Gorman just before Christmas, the then-Morgan Stanley chief executive was clear: the past decade had produced huge growth for Wall Street groups like his, while...
...Morgan Stanley paid James Gorman $37mn in 2023 for his final 12 months as chief executive of the Wall Street bank, a 17.5 per cent increase from the prior year despite the bank’s lower profits....
...expected to nominate candidates for the company’s board....
...to nominate candidates for the company’s board....
...is expected to nominate candidates for the company’s board....
...Ted Pick, Morgan Stanley’s former head of investment banking and trading, took over from Gorman as chief executive at the start of this year....
...Gorman seems to recognise the problem....
...The quarter was the first under Pick, whose background in investment banking and trading contrasts with predecessor James Gorman’s years in wealth management....
...“We have a first-class team that will take the next chapter, which is continuing to do what we’ve been doing with clients and continuing to grow the company,” Pick said....
...Gorman noted that once everyone felt confident that the Federal Reserve had stopped raising interest rates, companies could be sure of their costs of capital....
...“The downside is a perceived de-emphasis of wealth management within the company,” said Christian Bolu, banking analyst at Autonomous Research. “That certainly to investors is a risk....
...The results were the last under longtime chief executive James Gorman, who handed over to former investment banking boss Ted Pick at the start of January....
...When Gorman took the top job from John Mack in 2010, the group’s future was still uncertain following the 2008 financial crisis....
...Frasers alleges that the move was an attempt by certain individuals at the bank to harm the company, and that the decision to impose the margin call was “arbitrary, capricious, in breach of good faith, far...
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...James Gorman, who stepped down as chief executive of Morgan Stanley at the start of 2024, was paid $37mn, up 17.5 per cent year on year. Goldman lifted David Solomon’s pay by 24 per cent to $31mn....
...The market caps of the two US banks started to diverge in 2020, the year in which Morgan Stanley announced a pair of deals that crystallised for investors then-chief executive James Gorman’s strategy to...
...Gorman wrote that he hoped “the Federal agencies will be open to changes and will review the industry’s comments thoughtfully”....
...Kevin Lansberry, the company’s chief financial officer, recently said he expects the company to increase dividends and buy back shares in future....
...Gorman will then become executive chair....
...Last year JPMorgan chief executive Jamie Dimon was paid $36mn, Goldman Sachs chief executive David Solomon was paid $31mn and outgoing Morgan Stanley chief executive James Gorman received $37mn....
...The proxy battle between Trian and Disney has intensified in recent weeks as the entertainment company’s annual shareholder meeting on April 3 approaches....
...JPMorgan’s Jamie Dimon, whose bank reported record profits for 2023, had his pay rise about 4 per cent to $36mn, while Morgan Stanley’s James Gorman, who stepped down as CEO at the start of 2024, was paid...
...Gorman took over Morgan Stanley in 2010 in the wake of the Great Financial Crisis. Pick will struggle to deliver the type of outsized gains seen under his predecessor....
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