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...And that is [because] everybody doesn’t really know what their cost of financing is,” Gorman told the FT....
...“I don’t think [over] the next decade the gap will be as large,” he said. “I think there’s opportunities for the Europeans.”...
...John Gorman Washington, DC, US...
...“The risk was always that you would lose him if he didn’t get the job, and that that would have been a clear negative,” Bolu said....
...“I would be very surprised if this firm doesn’t do some transactions in both wealth and asset management over the next three years outside the US,” Gorman said....
...“More people can now dial back the ‘risk-on’ strategy and sit in cash, which Morgan Stanley and others just don’t earn the fees on.”...
...Letter in response to this article: Fairy tale fiscal policy to tax land, cars and drink / From John Gorman, Washington, DC, US...
...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...
...I don’t know why shareholders would take that risk,” he added....
...“We play in the same neighbourhood but we fortunately have one of the best houses,” Gorman said. “I don’t think it has actually been a banking crisis . . . I think there’s a crisis among some banks.”...
...And that’s what James Gorman is trying to do here at Morgan Stanley....
...Morgan Stanley chief executive James Gorman said he did not know what would trigger the next crisis but “it’s likely to be something geopolitical, something political”....
...The grants won’t fully vest until 2027. Morgan Stanley on Wednesday said Pick will replace James Gorman, who had led the firm since 2009....
...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....
...If customers aren’t gorging on subscription lines, margin loans, interest-only mortgages and other tailored debts, it diminishes the selling points of a bank....
...The bank hasn’t been immune to the dealmaking slump, however. Its plans to cut another 3,000 jobs by the end of June are under way....
..., it wouldn’t be far off that.” ...
...“I don’t think [over] the next decade the gap will be as large. I think there’s opportunities for the Europeans”, he said....
...Two years on, it sure doesn’t look that way....
...Though the latest edition of Davos was jammed, one institution that didn’t make it to this year’s event was Credit Suisse....
...Morgan Stanley earlier this year had at least three internal contenders to succeed outgoing chief executive James Gorman, before landing on investment banking chief Ted Pick....
...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....
...“I didn’t want to be influenced,” he says. “It’s important for me to stay fresh and stay original.” princegyasi.com; pirelli.com...
...The good news is that the necessary consolidation of budgets is far from impossible so long as we don’t start falling for new fiscal fantasies....
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