Hints and tips:
...Although Morgan Stanley has its second female CFO in Sharon Yeshaya, all three candidates in last year’s race to replace James Gorman as CEO were men....
...A Harvard Business Review analysis from 2021 estimated that bad chief executive and C-suite successions wiped out $1tn in market value from the S&P 1500 a year....
...It is the second time in less than two months Fayetteville police department has arrested a C-suite executive with connections to Tyson....
...Paul Gorman – Malcolm McLaren’s biographer and expert auction authenticator for McLaren and Westwood pieces – predicts prices have the potential to increase, but flags that there are many factors to take...
...He spent the next decade working alongside Gorman to reshape the business. “We share a common outlook and approach,” says Gorman, who is also of Irish descent....
...Class B and C absolutely are.”...
...Dimon, Moynihan and Gorman buck the broader trend in corporate America....
...His best friend is Mike Tyson, he says. There are pictures with him too, and with Trump....
...James Gorman was the highest-paid CEO on Wall Street last year, making more than $20m....
...Evidence of the coal industry’s pugnacity was on display on Thursday at a US congressional hearing with chief executives of the largest US banks: Jamie Dimon, David Solomon, Brian Moynihan, James Gorman...
...Morgan Stanley’s James Gorman has also indicated a desire to remain at the helm of the bank he has led since 2010 for at least another three years....
...Lillie Tyson Head’s father, Freddie Lee Tyson, was one of those recruited. So were her great-uncle and two cousins....
...Further reading: Coronavirus: return to work divides US meat industry (paywall) https://www.ft.com/content/f6e2b4ad-4a62-4c6f-8348-38704e3e81f6 Tyson Foods warns of sales declines and rising costs (paywall...
...It has allowed the C-suite to realise this is not just an acute moment.”...
...Tyson Foods has been just as volatile. US hog futures point to steeply rising prices. It is in the multiple and interlinked effects of the pandemic that investment profits will be made....
...Solium’s shares went public at C$1 in 2001, and its was trading under C$2 as recently as 2012. Morgan Stanley paid C$19....
...Under the terms of the deal, Morgan Stanley will pay C$19.15 ($14.42) a share for Solium, versus Friday’s closing price of C$13.36....
...In 2019 Nestlé debuted a yellow pea protein burger, Hormel Foods unveiled its “Happy Little Plants” brand and Tyson Foods announced pea protein isolate nuggets....
...But “that is actually the most scary time”, said Mr Gorman. “It really helps to be a little paranoid and a little scarred . . ....
...Dec Mullarkey, a managing director at the C$980bn Sun Life asset manager, said the bank was reaping the benefits of “aggressive” moves early in Mr Gorman’s tenure....
...The bank’s board has appointed its general counsel, C Allen Parker, as his interim replacement....
...The buck strengthened 0.7 per cent against its Canadian counterpart, and bought C$1.3014....
...Dec Mullarkey, a Boston-based managing director at Sun Life, a C$980bn-in-assets investment manager, said that the bank is reaping the benefits of “aggressive” moves Mr Gorman made early on in his tenure...
...Paying nearly $1bn for a little-known Canadian company with only C$150m in expected 2018 revenue does appear somewhat steep (Lex thinks so too)....
International Edition