Page 2 - Andy Saperstein News Today

The new wealth boss's projects in the works include using AI to summarize client Zoom calls and having advisors, not call center reps, take referrals.

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Morgan Stanley's board awarded James Gorman a handsome 17% raise raise in 2023, making his salary for his last year as the bank's chief executive $37 million.

Former Morgan Stanley CEO draws praise for management transition as Ted Pick takes over in 2024.

Morgan Stanley Executive Chairman James Gormans compensation in his last year as CEO of the bank saw a 17 percent increase in 2023 to $37 million from $31.5 million in 2022.

NEW YORK (Reuters) -Morgan Stanley Executive Chairman James Gorman's compensation in his last year as CEO rose 17% to $37 million for 2023 from $31.5 million in 2022, the bank said in a filing on Friday. JPMorgan Chase CEO Jamie Dimon was awarded $36 million for 2023, and compensation details from rival banks will emerge in the coming weeks. Gorman became executive chairman on Jan. 1, handing over to new CEO Ted Pick.

Morgan Stanley Executive Chairman James Gormans compensation in his last year as CEO rose 17% to $37 million for 2023 from $31.5 million in 2022, the bank said in a filing on Friday. ...

Ted Pick, the incoming CEO of Morgan Stanley, is known for his success in navigating market cycles and his ability to build long-term relationships.

When Ted Pick takes over as the new CEO of Morgan Stanley next week, the three-decade bank veteran's frank manner and steady hand will help him steer the firm through a dealmaking slump. Pick's cool head in difficult situations is an asset, said Tom Glocer, Morgan Stanley's independent lead director since 2017 and former Reuters CEO. "The great sin that gets people into super trouble at banks is the trader's instinct to hold on (to losing positions)... Ted has that abi...

Disney succession: Morgan Stanley CEO James Gorman says he will help Bob Iger find his successor after he joins Disney board.