Longtime executive will receive $400,000 a year and access to a car and driver as he transitions out of top roles at bank
US entertainment company appoints James Gorman as chair as it seeks to end decade-long succession saga
More departing CEOs and CFOs are opting for a smorgasbord of director, consulting and mentoring roles
Some analysts are arguing that a new era of capital returns to shareholders has dawned
Wall Street bank praised outgoing chief’s ‘exemplary’ succession planning
Outgoing CEO highlights safer financial system, which leaves banks’ own ‘stupidity’ as one of their biggest threats
Morgan Stanley chair and former Sky chief executive will serve on committee to pick Bob Iger’s successor
Colm Kelleher’s comments countered by Apollo’s Marc Rowan who says asset management industry adds ‘robustness’
What can Morgan Stanley’s Ted Pick do after James Gorman?
Incoming CEO Ted Pick and his top two lieutenants will receive equal packages worth roughly $20mn at time of grant
James Gorman took the bank from underdog to the top of Wall Street. The new chief must decide what comes next
Head of investment banking and trading was one of 3 internal candidates
Falling revenues in division compounded by slower growth in wealth management
Gorman points to earnings cycle turning sharply upward just in time for successor to notch early wins
Sports Direct owner seeks testimony from James Gorman as it gears up for High Court battle with investment bank
Longtime chief executive seeks to buck ‘horrific’ Wall Street record for handing over top jobs
Three internal candidates vie to succeed Australian banker who turned Wall Street bank into wealth management giant
US bank’s first-quarter profits fall almost a fifth as wealth business fails to offset trading slowdown
Investment bank cites weaker financial performance and ‘challenging’ economy in 2022
Wall Street chiefs offer divergent views on persistence of US price pressures and how the Fed should respond
Diverging fortunes of Wall Street’s premier investment banks laid bare by fourth-quarter earnings
Chief operating officer stepping down at the end of the month ‘to pursue other opportunities’
Morgan Stanley chief says he is ‘totally relaxed’, pointing to strength of consumer credit
Chief executive of Wall Street bank says he will not do the job until the day he dies
Investment banking revenue plunges but advisory earnings almost double
