Tags: cramped quarters, do not test him, James Gorman runs this house!, kind of loving JG at this point, Morgan Stanley, so much more where that came from
Sort of a trick question since, as you all know, banks haven’t held firm-wide holiday parties in quite some time but if they did, is that what we could expect? Based on recent reports about a new approach James Gorman is taking with his staff, yes.
When Morgan Stanley’s top executives gathered in mid-September at the Gramercy Park Hotel in Manhattan to discuss strategy, some participants complained that the room was too small. Apparently, that was the point: James P. Gorman, Morgan Stanley’s chief executive, chose the cramped quarters to force discussion among the executives, said people briefed on his decision but not authorized to speak on the record.
Employees will get room to stretch their shit out when they’ve earned it!
Deep Cuts Raise Questions About Morgan Stanley [Dealbook]