James Gorman News
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Bank of America Corp. cut Chief Executive Officer Brian T. Moynihan’s compensation for 2011, granting him no cash bonus and freezing his salary, said a person briefed on the executive’s awards.
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Stephen Roach, Morgan Stanley’s former chairman for Asia and chief economist, is retiring from the firm to focus on scholarly pursuits.
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James Gorman strides across the stage of the auditorium on the top floor of Morgan Stanley’s Times Square headquarters. It’s late October, and he’s in the midst of the second investor revolt he’s been through in three years -- the first one coming during the financial upheaval of 2008.
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Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, gave Chairman and Chief Executive Officer Lloyd Blankfein a $7 million restricted-stock bonus for 2011, a decrease from $12.6 million a year earlier.
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Morgan Stanley Chairman and Chief Executive Officer James Gorman said employees understand why the investment bank had to cut pay, and those who don’t grasp the reasoning need to adjust their attitude.
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Bank of America Corp. Chief Executive Officer Brian T. Moynihan said talks to cut employees’ pay are “open and honest” and he doesn’t share Morgan Stanley CEO James Gorman’s opinion that miffed workers should leave.
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Global markets are improving and would be steadied if the Greek debt crisis is resolved, according to Morgan Stanley Chief Executive Officer James Gorman.
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As chief executive officer of a maker of spark plugs and wiper blades in the Detroit area, Jose Maria Alapont has struggled through the kind of collapse that few have experienced.
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Morgan Stanley Chief Executive Officer James Gorman said he’s concerned that China’s economic growth may slow and pose a “black swan event” for capital markets, according to an interview on CNBC.
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Morgan Stanley Chairman and Chief Executive Officer James Gorman said private investors reaching an agreement over a restructuring of Greek debt will prevent the worsening of Europe’s sovereign debt crisis.
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