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James Gorman

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  • NEW YORK, April 1- Morgan Stanley's board boosted Chairman and Chief Executive James Gorman's compensation by one-third last year, saying the bank's performance was "strong" but had "room for continued progress," according to its proxy filing on Wednesday. Gorman was awarded $16 million for his work last year, up from $12 million in 2013. He is eligible to receive...

  • NEW YORK, March 30- Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter. Two Morgan Stanley managers who were involved with Wentworth, Alberto Chiesara and Ryan Comerford, are leaving to...

  • NEW YORK/ BOSTON, March 26- At the prompting of at least one director of Bank of New York Mellon Corp, an executive recruiting firm has come up with a list of potential candidates to replace embattled CEO Gerald Hassell, two people familiar with the matter told Reuters. The overture to Fleming does not appear to represent an official search effort by BNY Mellon's...

  • NEW YORK, March 24- Morgan Stanley bid adieu to another senior executive who was thought to be on a list of potential successors to Chief Executive Officer James Gorman, but a new generation of CEO candidates is rising inside the bank. On Tuesday, Morgan Stanley announced that Chief Financial Officer Ruth Porat, 57, would be leaving at the end of April to head back to...

  • UPDATE 5-Google poaches Morgan Stanley's CFO Tuesday, 24 Mar 2015 | 1:11 PM ET

    *Google shares up 2.5 pct. March 24- Google Inc said it hired Ruth Porat, chief financial officer at Morgan Stanley, as its own finance chief, a move signaling that the search engine company may be looking to bear down on fast growing expenses. Porat has helped execute a sweeping cost-cutting strategy across several business lines at Morgan Stanley.

  • UPDATE 4-Google hires Morgan Stanley CFO Porat as CFO Tuesday, 24 Mar 2015 | 11:31 AM ET

    March 24- Morgan Stanley Chief Financial Officer Ruth Porat is leaving the bank to become Google Inc's CFO, the latest Wall Street executive to move to Silicon Valley, where fortunes can be built fast but businesses can also become irrelevant overnight. Porat, a California native, joined Morgan Stanley in 1987, and led Morgan Stanley's investment banking...

  • March 24- Morgan Stanley Chief Financial Officer Ruth Porat is leaving the bank to join Google Inc in the same position, the companies said on Tuesday. Jonathan Pruzan, co-head of Morgan Stanley's global financial institutions group in investment banking, will become CFO after Porat leaves on April 30. Google shares were up about 1 percent at $571 in premarket...

  • *No appetite to give Greece money without guarantees-Schaeuble. PARIS/ ATHENS, Feb 16- Debt-laden Greece and EU paymaster Germany struck hardline postures ahead of a crucial meeting of euro zone finance ministers on Monday on the future of an unpopular international bailout for Athens, but France called for compromise. German Finance Minister Wolfgang...

  • Jan 23- Morgan Stanley granted Chief Executive James Gorman about $4.4 million worth of restricted stock as part of his 2014 bonus.

  • *Fourth-qtr adjusted profit $0.39/ shr vs. est. Jan 20- Wall Street powerhouse Morgan Stanley said it would pay a smaller portion of revenue in bonuses to investment bankers and traders this year even in a better revenue environment. Morgan Stanley said it would pay 39 percent or less of revenue from its institutional securities business to employees in 2015....

  • NEW YORK, Jan 15- Morgan Stanley said it has promoted 151 employees to managing director on Thursday, more than half of them in the institutional securities business. Senior Morgan Stanley executives in New York, including Chief Executive Officer James Gorman, had been calling staff members to congratulate them on their promotions, Reuters reported earlier in...

  • NEW YORK, Jan 15- Senior Morgan Stanley executives, including Chief Executive Officer James Gorman, have been calling employees named to the new class of managing directors, people familiar with the matter told Reuters. The executives who are based in New York began calling employees in Asia on Wednesday night, and followed with Europe and the Americas, said the...

  • NEW YORK, Jan 14- Morgan Stanley appointed two new executives on Wednesday to run one of Wall Street's last big commodity trading operations following the unexpected departure of the previous co-heads. Nancy King and Peter Sherk, insiders who have worked in the bank's commodities group for more than a decade, have taken on day-to-day responsibility for the...

  • NEW YORK, Jan 14- Morgan Stanley appointed two new executives to run its commodities business on Wednesday as the previous co-heads left their roles. The leadership change comes after months of what sources inside Morgan Stanley have described as internal confusion about the fate of commodities trading there. But in August, Morgan Stanley quietly filed plans...

  • BUSINESS-NEWS-SCHEDULE AT 1500 GMT /11 AM ET Friday, 31 Oct 2014 | 11:09 AM ET

    NEW YORK- During Morgan Stanley's public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell. Election-year water crisis taking a toll on Brazil's economy. SAO PAULO- After a grueling election campaign in which officials faced fierce criticism for downplaying the effects of a year-long...

  • Whatever Gorman meant by "optimize," the commodities staff interpreted it as "not good for my career at Morgan Stanley. "According to KBW analyst Brian Kleinhanzl, who rates Morgan Stanley a" market perform, "optimize means" cutting people or exiting products altogether that are unprofitable. "As we have previously stated, Morgan Stanley is committed to a...

  • Morgan's profit jumps as trading activity rebounds Friday, 17 Oct 2014 | 7:39 AM ET
    Morgan Stanley

    Morgan Stanley reported an 87 percent rise earnings as its trading and wealth management businesses benefited from increased client activity.

  • Dimon: Shadow banking threat to US economy Friday, 10 Oct 2014 | 10:45 AM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

    The JPMorgan CEO sees one thing that could derail the recovery: The $3.2 trillion nonbank financial system, or "shadow banks."

  • Mario Gabelli: Wall Street's $85 million man Tuesday, 9 Sep 2014 | 11:38 AM ET
    Mario Gabelli

    Wall Street likes to call him "Super Mario," and in 2013 the moniker fit in more ways than one.

  • Morgan Stanley CEO: Job cuts in currency division   Tuesday, 10 Jun 2014 | 4:35 PM ET
    Morgan Stanley CEO: Job cuts in currency division

    Morgan Stanley Chairman & CEO James Gorman, said bonds, currencies and commodities are going through a cyclical change.