Morgan Stanley CEO James Gorman to Depart Within 12 Months
TL;DR Summary
James Gorman, CEO of Morgan Stanley, announced that he will be stepping down in the next year after a 13-year run. Gorman has overhauled the bank to make it less sensitive to the ups and downs of the financial markets. The board has identified three strong senior candidates to be the next CEO, and Gorman will become executive chairman after the new CEO takes over.
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