James Gorman
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What's the difference between a media mogul and a chief executive elsewhere in the business world? About $10 million in compensation. Leaders in other industries earn far less than their media industry counterparts, the NYT reports.
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Jan 24- Morgan Stanley Chief Executive Officer James Gorman received lower compensation for 2012 after a difficult year for the bank in which profits declined.
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NEW YORK, Jan 18- Morgan Stanley executives made good on their promise to reap earnings from the bank's burgeoning wealth management business, reporting on Friday that profit margins in the business soared in the fourth quarter. Morgan Stanley has made a bigger bet on retail investors than its major rivals by buying most of Citigroup's Smith Barney brokerage.
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Jan 18- Brian Moynihan is known inside Bank of America Corp as a problem-fixer and a cost-cutter, according to two executives who have worked with him, and in his three years as the bank's chief executive, he has had that reputation tested like never before. Now, proof of his abilities is beginning to show.
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Jan 18- Morgan Stanley's quarterly earnings beat analysts' expectations by a wide margin on Friday, helped by a big jump in trading revenue, and the bank said it was ready to deliver better returns to shareholders.
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Jan 18- Morgan Stanley reported a fourth-quarter profit on a surge in equity sales and trading and strong margins at its wealth management business, sending its shares up 7 percent before the bell.
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Jan 18- Morgan Stanley Chief Executive James Gorman said the bank has turned itself around and can meet its goals for profitability, his boldest pronouncements yet about the near-term potential for a company that has long lagged its peers.
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NEW YORK, Jan 15- Morgan Stanley is taking three years to pay out 2012 bonuses to high-earning employees, three sources familiar with the situation said on Tuesday, a step that will better align incentives with shareholder interests and make it harder for employees to leave.
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Jan 9- Morgan Stanley plans to slash 1,600 jobs in what may be just the beginning of a new round of layoffs at large investment banks, this time driven by a deeper reassessment of Wall Street businesses in the face of new regulations and capital standards.
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Jan 9- Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on Wednesday, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums.
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Jan 9- Morgan Stanley plans to cut 6 percent of its institutional securities staff starting this week, two people familiar with the matter said on Wednesday, the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums.
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*Morgan Stanley looking at ways to bolster lending. Dec 3- In October, Rebecca Rothstein, a Beverly Hills- based private banker to rock stars, top executives and the otherwise rich, abruptly left Morgan Stanley for rival Merrill Lynch.
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Nov 5- Morgan Stanley's co-president of institutional securities, Paul Taubman, will retire at the end of the year, the bank said on Monday, ceding full control of the powerful investment banking and trading operation to his co-president and rival, Colm Kelleher.
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Nov 5- Morgan Stanley has revamped its institutional securities business, announcing on Monday that Paul Taubman will retire as co-head of the trading and banking unit while co-head Colm Kelleher will remain as president.
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Nov 5- Morgan Stanley has revamped its institutional securities business, announcing on Monday that Paul Taubman will retire as co-head of the trading and banking unit while co-head Colm Kelleher will remain as president.
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NEW YORK-- Morgan Stanley said Thursday that its corporate clients are ready to do business _ but they're a little unnerved by the impending fiscal crisis.
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NEW YORK-- Morgan Stanley reported higher revenue and net income for its third quarter Thursday thanks to gains in its bonds and asset management businesses. Excluding an accounting charge, the bank earned $535 million for common shareholders in July to September, up from $39 million a year ago.
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NEW YORK-- Morgan Stanley reported higher revenue and net income for its third quarter Thursday thanks to gains in its bonds and asset management businesses. Excluding an accounting charge, the bank earned $535 million for common shareholders in July to September, up from $39 million a year ago.
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Financial Times Headlines JOHNSON SLAMS GOVERNMENT OVER AIRPORTS- MORGAN STANLEY CHIEF WARNS ON WALL ST PAY- GOOGLE EBOOK WIN LITTLE THREAT TO AMAZON- RUSSIA MOOTS ARCTIC OIL LICENCES FOR WEST- BAE TIE-UP BAD FOR UK, WARNS DARLING- BARCLAYS ALTERS INVESTMENT BANKING SHAPE- REDROW'S CHAIRMAN RAISES BID FOR GROUP- ECB KEEPS INTEREST RATES UNCHANGED- FACEBOOK EXPANDS TO 1 BLN USERS- Overview JOHNSON SLAMS GOVERNMENT OVER AIRPORTS.
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Facebook stock made a significant jump on May 31, but Morgan Stanley denies taking any action to pump up the price of the stock, reports CNBC's Gary Kaminsky.
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Morgan Stanley's CEO James Gorman told CNBC that Facebook investors may have been buying for the wrong reasons. Andrew Stoltmann, Stoltmann Law Partner and David Menlow, IPOFinancial.com president, weigh in.