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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...
...But European banks may be tempted to think Gorman’s December prophecy is already coming true....
...The pay for 2023 brings Gorman’s total compensation during his time as chief executive of Morgan Stanley to almost $338mn....
...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....
...“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....
...The quarter was the first under Pick, whose background in investment banking and trading contrasts with predecessor James Gorman’s years in wealth management....
...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....
...Pick has talked about his appointment as being a continuation of Gorman’s strategy, and Gorman is sticking around as executive chair of Morgan Stanley’s board of directors for Pick’s first year in the job...
...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...
...Pay for Morgan Stanley’s top executive James Gorman, rose nearly 18 per cent to $37mn, while JPMorgan Chase upped its chief executive Jamie Dimon’s pay by 4 per cent to $36mn....
...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....
...It is also representing the company in its fight against Peltz....
...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....
...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...
...The White House said the proposed acquisition of an “iconic American-owned company” deserved “serious scrutiny”....
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