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The Board of Directors of Morgan Stanley announced that Co-President Edward (Ted) Pick will become the Firm’s Chief Executive Officer, effective January 1, 2024. James Gorman will become Executive Chairman. Mr. Pick will also join Morgan Stanley’s Board of Directors at that time. The Firm also announced that Co-President Andy Saperstein will become...
Even after the selloff, JPMorgan Chase boss Jamie Dimon and his family will continue to own about 7.6 million shares in JPMorgan, which is the largest bank in America by asset size, with more than $2.5 trillion under management, per the bank's website.
It had to be Ted.
By Denny Jacob Morgan Stanley awarded stock-based awards to its next chief executive officer and other leaders who were in the running for the top job. The bank gave Ted Pick, who succeeds...
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