Hints and tips:
...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....
...In a statement on Wednesday, Dimon said of the Disney CEO: “Bob is a first-class executive and outstanding leader who I’ve known for decades....
...The bank’s hard-charging CEO has made returning €16bn of capital to shareholders by 2024 a key pillar of the new strategy he announced last December....
...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....
...Fraser, a veteran of the consulting firm McKinsey and investment bank Goldman Sachs, took over in early 2021 with a mandate to fix Citi after the bank had underperformed its peers for years....
...Nevertheless, the changes this week point to efforts to ensure a smooth succession process to rival that of Morgan Stanley boss James Gorman’s handover last year....
...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...
...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....
...Dimon, along with David Solomon of Goldman Sachs, Jane Fraser of Citigroup, and James Gorman, the outgoing boss of Morgan Stanley, will be among eight CEOs answering questions from senators in an annual...
...James Gorman, Morgan Stanley’s CEO since 2010, has sold $78mn of his shares in the bank — including almost $48mn so far this year — making him the biggest seller among executives at the US’s six largest...
...Glass Lewis instead urged shareholders to vote for the current board alongside two new directors put forward by Disney in November — outgoing Morgan Stanley chair and chief executive James Gorman and Sir...
...Earlier this week, Morgan Stanley announced that Pick will take over as the firm’s chief executive next year, replacing James Gorman, who had held the top job at the bank for nearly 14 years....
...Dimon’s rival at Morgan Stanley, James Gorman, announced this week that he would step down as CEO at the end of the year....
...The proposal from US regulators has become a flash point between banks and lawmakers, with JPMorgan chief executive Jamie Dimon warning this year that they could make bank stocks uninvestable....
...James Gorman has meanwhile been ramping up his sales ahead of handing off the top job at Morgan Stanley to Ted Pick, selling nearly $48mn so far this year out of the $78mn in total he has sold since 2010...
...Goldman Sachs’ David Solomon, Morgan Stanley’s James Gorman and Citi’s Jane Fraser are due in town, though JPMorgan’s Jamie Dimon will instead be in Paris with the bank’s International Council, a group that...
...Deutsche Bank has appointed Jamal Al Kishi to be CEO of the Middle East and Africa from April. He will replace Kees Hoving, who will be chief country officer for the UAE....
...On Tuesday, Morgan Stanley chief executive Ted Pick joined other bank executives touting the revival of the bread-and-butter transactions, saying dealmaking was an “existential reality” for companies....
...Morgan Stanley’s recently departed CEO James Gorman said last year that employees “don’t get to choose their compensation, they don’t get to choose their promotion, they don’t get to choose to stay home...
...Dorrell and Vichie’s insight was shared by a handful of competitors at large investment banks, including Credit Suisse, Morgan Stanley and Goldman Sachs, which spurred the first wave of infrastructure investments...
...One thing to start: JPMorgan Chase paid longtime chief executive Jamie Dimon $36mn for 2023, up about 4 per cent from a year earlier and his biggest-ever pay packet at the US bank....
...It recently appointed former Morgan Stanley chief James Gorman, who was praised for how he handled his own succession, to the board. But the issue continues to hang over the company....
...The Spanish lender hired Morgan Stanley M&A banker David Luwisch, former Jefferies industrials banker David Bradley and former Bank of America financial sponsors banker Andrew Greenwald....
...Durban will be one of many buyout barons and their bankers traversing Pebble Beach’s fairways this week, including Goldman Sachs chief David Solomon, the recently retired Morgan Stanley head James Gorman...
...James Gorman plans to step down as chief executive of Morgan Stanley within the next year after more than a decade at the top of the Wall Street bank he turned into a wealth management juggernaut....
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