Citing his 88-year-old mother, 5 sisters, 5 sisters-in-law, a wife, a daughter, and 19 nieces, James Gorman , president and chief executive officer of Morgan Stanley , said he knew a lot about successful women.
Pacific Investment Management Co. is becoming less dependent on Bill Gross, preparing for an eventual future without the world’s best-known bond investor and adding pressure on its rising stars to live up to his legacy.
Analysts say a licensing deal, diverse product mix, and strong sales in Asia will help the stock rebound. Bloomberg's Hitha Prabhakar reports on Bloomberg television's "In the Loop." (Source: Bloomberg)