James Gorman

Morgan Stanley ended up doing alright for itself in the third quarter, just as Gorman’s posture suggested it would. Read more »

Tomorrow morning Morgan Stanley will report its earnings for the third quarter. How will the bank do? Various analysts have predicted good things for the House of Gorman, having pored over the numbers available to them, and taking into account what other banks have said, guidance, macro economic factors and so on and so forth. Fox Business reporter Charlie Gasparino has also come up with a guesstimate, though his was arrived at in a slightly different fashion. Namely, talking to people, taking the pulse, and inquiring as to whether CEO James Gorman has been walking around the building like he’s got some pair of balls on him or not. Read more »

Literally. Read more »

  • 29 May 2013 at 5:29 PM

Emma Lasry’s Got Competition

Mr. Gorman sent an e-mail on Wednesday promoting the music career of his daughter, whose band, Madness and the Film, released an EP, four songs on iTunes, over the weekend. “She recorded the music with a British musician over the past six months,” Mr. Gorman wrote in the e-mail. “They co-wrote lyrics, music and play and sing the songs. He is lead vocals and she sings back-up and plays numerous instruments.” In an interview, Mr. Gorman said Caroline, 17, has always had a passion for music and plays piano in her school’s orchestra. When she was 15, Ms. Gorman was playing in bars and had booked studio space in Chelsea. She spent every Friday night for months recording her first CD. “She plays everything,” he said. Last year, while in upstate New York, Ms. Gorman met David Breeze, a British musician, and the two of them joined together to form Madness and the Film. The songs released on iTunes have a melodic, indie pop rock feel to them. [Dealbook, related, related, related]

  • 24 Jan 2013 at 6:38 PM

Bonus Watch ’13: Morgan Stanley CEOs

The bad news: James Gorman’s pay fell 30 percent this year. The good news: he’s now in a position to show employees how to take these setbacks like a man, rather than grumbling like someone who puts their compensation in a one-year context to define their overall level of happiness. Read more »

Great news for anyone who’s been sitting nervously at their desk at Morgan Stanley the last few days, wondering whether or not their boss was about to tap them on the shoulder to go have a chat with HR: if you’ve made it this long, you’re safe! There will be no more human layoffs for the foreseeable future (plants may still be at risk). Read more »

Since taking the reins at Morgan Stanley in 2010, CEO James Gorman has guided the firm with a managerial style that boils down to telling people, more or less: You’ll get it when you’ve earned it, “it” being anything from personal space to money to his respect. On the point of compensation, last year he told employees complaining about what they were paid to either open a newspaper and get over themselves or do everyone a favor and quit. Today brings news that this year, he’s doubling down on that mandate and daring anyone to make something of it. Read more »