Morgan Stanley deflected a blow to a unit that advises banks by promoting Kevin Ryan, one of the group’s leaders, after Goldman Sachs Group Inc. tried to recruit him, said two people with knowledge of the matter.
Gilt Groupe Inc., the website specializing in quick sales of high-end clothing, is searching for a successor for Chief Executive Officer Kevin Ryan who can help the company prepare for an initial public offering, according to a person with direct knowledge of the matter.
Steven Kantor, then head of investment banking for Cantor Fitzgerald LP, gathered his staff about a year ago for a holiday party in his 82nd-floor apartment in Trump World Tower overlooking the United Nations.
Jeff Bezos is channeling Steve Jobs. It’s mid-September and the wiry billionaire founder of Amazon.com Inc. is at his brand new corporate headquarters in Seattle, in a building named “Day One South” after his conviction that 17-year-old Amazon is still in its infancy.
Business leaders, who generally didn’t support President Barack Obama’s policies in the past four years or his re-election bid, weren’t in a more-gracious mood after the results were in. Today’s decline in the U.S. stock markets, the biggest since June, didn’t help.