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Meeting comes after Wall Street titan praised Donald Trump in Davos interview
...Additional reporting by James Fontanella-Khan...
...“The James Gorman we’re seeing now is not the James Gorman from year one,” said one person who has known him for years. “James is an introvert who’s become very polished.”...
Fund would get exclusive access to market-moving stories before they are published
...“As a result of strong net new asset growth, the firm has reached $7tn of client assets across wealth and investment management,” said chief executive Ted Pick, who took over from James Gorman at the start...
Trump’s former Treasury secretary has seized a chance to replicate his lucrative IndyMac deal
...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....
...The quarter was the first under Pick, whose background in investment banking and trading contrasts with predecessor James Gorman’s years in wealth management....
...Growth in wealth management was a centrepiece of James Gorman’s tenure as chief executive, with the business growing to more than $5tn in assets, aided by the acquisitions of online trading platform ETrade...
...In November, Disney named two new directors — former Morgan Stanley chair and chief executive James Gorman and Sir Jeremy Darroch, the former group chief executive of British pay-TV and broadband company...
Pay, appointments and exits revive tensions over chief who seemed to have strengthened his position
Takeover set to unite two of the US’s largest credit card companies and reshape industry
Bank’s Discover Financial takeover proposal faces an ‘aggressive sheriff’ in US antitrust regulators
...The lay-offs, which were reported earlier by the Wall Street Journal, come just weeks into Pick’s tenure as CEO after he took over in January from longtime boss James Gorman....
...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....
...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...
...Morgan Stanley paid James Gorman $37mn in 2023 for his final 12 months as chief executive of the Wall Street firm, a 17.5 per cent increase despite the bank reporting lower profits last year....
...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....
...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...
‘Narrow needle to be threaded’ as start-up combines journalism with trading house
...Morgan Stanley has named Ted Pick as its new chief executive, replacing James Gorman who will bow out from the role after leading the Wall Street bank for nearly 14 years and transforming it into a wealth...
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