Stay updated with breaking news from Dan Simkowitz. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Russia warns West on supplying Ukraine with F-16s; as inflation comes down, wage rises will need to be higher than inflation, Tony Burke says; Kevin McCarthy sees no progress on US debt ceiling until Biden gets back. Follow the latest here.
/cloudfront-us-east-1.images.arcpublishing.com/tgam/DWLJJ4UDBNOOLKWD6KBFPRQTXE.JPG)
Gorman said the board has identified three strong candidates to succeed him and that he will become executive chairman once a new CEO is chosen
The company has identified three “very strong senior internal candidates” to take over the role.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/IJLB5HBBC5P7DI4GQGSPU3E5YU.jpg)
Morgan Stanley CEO James Gorman plans to step down within a year but stay on as executive chairman, drawing to a close 13 years in the role during which he built the Wall Street firm into a wealth management powerhouse.
We're disappointed to see James Gorman go but have full confidence in the bank going forward — and see a potential buying opportunity.