James Gorman


James Gorman News

  • Young Bankers Fed Up With 90-Hour Weeks Move to Startups

    Updated 10 minutes ago

    It was a Friday in the fall of 2004 and Umber Ahmad had been invited to read a poem at the wedding of one of her closest friends. She was planning to catch a 7 p.m. flight from New York to Toronto when a vice president at Morgan Stanley called her in. The client in a big merger deal needed work done over the weekend. A mergers and acquisitions specialist, Ahmad had no choice. She canceled the flight and started revising her analysis of the deal, Bloomberg Markets magazine will report in its June issue.

  • CEOs Take Leisure Trips on Corporate Jets as Stigma Wanes

    While U.S. boards have curtailed company-paid perks like hunting lodges and golf club memberships, CEOs are cranking up personal use of corporate jets.

  • White House Wants Wall Street to Skip Russian Eco Summit

    The White House is lobbying top U.S. corporate leaders to spurn Russian President Vladimir Putin by canceling attendance at an economic conference in St. Petersburg later this month.

  • CEOs Take Leisure Trips on Corporate Jets as Stigma Wanes

    While U.S. boards have curtailed company-paid perks like hunting lodges and golf club memberships, CEOs are cranking up personal use of corporate jets.

  • Alcoa CEO Kleinfeld Cancels Russian Forum Visit

    Alcoa Inc. Chief Executive Officer Klaus Kleinfeld won’t attend the St. Petersburg International Economic Forum this month after the White House lobbied the country’s top corporate leaders to avoid the event.

  • Citigroup CEO Corbat Bows Out of Putin’s Economic Forum

    Citigroup Inc. Chief Executive Officer Michael Corbat withdrew from an economic forum that Russian President Vladimir Putin is hosting next month.

  • Gorman Will Seek to Boost Payouts to 100% of Earnings

    Morgan Stanley, owner of the world’s largest brokerage, will seek to boost its dividend yield to about 2 percent and eventually return all of annual earnings to investors, Chief Executive Officer James Gorman said.

  • Morgan Stanley Beats Estimates on Brokerage Increase

    Morgan Stanley reported profit that beat analysts’ estimates as a surprise jump in fixed-income results helped the firm post the only increase in trading revenue among the six biggest U.S. banks this year. The stock rose 3 percent in early New York trading.

  • Morgan Stanley Sees Lone Trading Jump as Goldman Drops

    Morgan Stanley posted a jump in first-quarter trading revenue while Goldman Sachs Group Inc.’s dropped, the first such divergence in two years.

  • Morgan Stanley Sees Lone Trading Jump as Goldman Drops

    Goldman Sachs Group Inc., the Wall Street bank with the highest return on equity in 2013, reported earnings that topped analysts’ estimates as investment-banking revenue jumped to the highest level since the financial crisis.

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