UMass says it generated billions in economic activity
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Stories you may have missed from the world of business.
The downgrade comes as investors wait for management to name a successor to James Gorman, who said in May he planned to step down in the next 12 months.
The Wall Street bank said Ted Pick, its co-president and head of Institutional Securities, will become the next CEO.
By Ben Glickman Morgan Stanley named Co-President Ted Pick as its next chief executive officer, effective Jan. 1. James Gorman, current CEO, is expected to...
Morgan Stanley on Wednesday named insider Ted Pick as its chief executive officer, replacing James Gorman, who has held the top job for more than a decade and steered the bank in the aftermath of the 2008 financial crisis.