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Gorman leaves the White House in Washington, on Oct. 2, 2013, after he and other financial leaders met with President Barack Obama regarding the debt ceiling and the economy. / AP Photo/Pablo Martinez Monsivais (MoneyWatch) Never mind the lobbyists:
Wall Street asks for trust some financial companies even use the word in their name and Main Street believes. Investors are dazzled by performance when the market is lit up call it Street magic and the egotistical rush when they are right about a
As Morgan Stanley's share price went on a headlong descent during the financial crisis in 2008, then-Chief Executive John Mack personally lobbied regulators to stop short-selling temporarily. He succeeded. But in doing so, he made enemies among
The headquarters of Morgan Stanley is seen in New York January 9, 2013. Morgan Stanley is expected to report bond-trading revenue below the target the Wall Street bank set after its disappointing first-quarter results, an analyst said on Wednesday...
Morgan Stanley CEO James Gorman (L) is seen leaving after a meeting in New York January 13, 2011. Morgan Stanley is once again targeting pretax profit margins of 20 percent or more in its wealth management business, according to a presentation by CEO
O News services AOL Inc. has hired one of its board members, former Martha Stewart Living CEO Susan Lyne, to run the AOL portfolio of brands. Its chief operating officer, Arthur Minson, is leaving after a transition period. The Internet company said
Bloomberg News' Annette Weisbach and Nicholas Comfort report that Deutsche Bank's bonus pool for 2012 has decreased by 11% compared to 2011...In July, when the bank announced that it would lay off up to 1900 people, it also said that it would be
Morgan Stanley Chief Executive Officer James Gorman made $6 million in total compensation for 2012, including $800,000 in salary, $2.6 million in deferred cash and $2.6 million in stock options , a person familiar with the matter said on Thursday.
Morgan Stanley CEO James Gorman In 1987, I began my rookie assignment on the stock sales and trading desk for Morgan Stanley. A few weeks later the stock market crashed, and I learned my first important lesson about the pecking order on the Street...
The headquarters of Morgan Stanley is pictured in New York June 1, 2012. Eric Thayer Morgan Stanley spokesman James Wiggins said its wealth management unit offers competitive specialized loans through its tailored lending program. Although its loan