October 20, 2021
Updated:
Original:

Charlie Gasparino Reminds James Gorman He Is Public Enemy Number One On Wall Street, Will Break Your Knee Caps To Make A Point

Gasparino: Let's get something straight right off that bat-- 6 months ago, someone at your firm wanted to kill me...you don't want to kill me, correct? Gorman: Charlie...I don't wan to kill you...I don't think they did either. Gasparino: I don't blame them if they did..given my reputation with PR people. So thank you for coming here, checking your guns at the door. Watch the latest video at <a href="http://video.foxbusiness.com">video.foxbusiness.com</a> Charlie Gasparino with Morgan Stanley CEO James Gorman [FBN]
Author:

Gasparino: Let's get something straight right off that bat-- 6 months ago, someone at your firm wanted to kill me...you don't want to kill me, correct?
Gorman: Charlie...I don't want to kill you...I don't think they did either.
Gasparino: I don't blame them if they did...given my reputation with PR people. So thank you for coming here, checking your guns at the door.

Charlie Gasparino with Morgan Stanley CEO James Gorman [FBN]

Related

News

Charlie Gasparino: James Gorman's Posture All But Guarantees Good News Tomorrow

News

Never Call James Gorman 'Jim,' Or The Real Reason Morgan Stanley's In The Toilet, According To Charlie Gasparino

News

James Gorman Will Say Something Nice About Wall Street When Wall Street Earns It

If you're looking for a cheerleader, go bark up another tree. “Say you want to be out ahead of it and give a lot of speeches and talk about all the good we’re doing,” Gorman said today at an industry conference in New York. “And then some trader does some stupid thing like this guy at UBS did and he’s in jail and all bets are off,” Gorman said. He was referring to Kweku Adoboli, the UBS AG trader convicted of fraud this month in the largest unauthorized trading loss in British history...Traders at New York-based Morgan Stanley had too much latitude in the past, “what I call having an outsized sandbox,” Gorman, 54, said at the conference, which was sponsored by the Securities Industry and Financial Markets Association. “Until we can be really confident we’ve got discipline around the sandboxes, I think you have to be really careful not to be holier than thou,” Gorman said. “We’re going to be in the doghouse for a while.” Incidentally, this would a good time to mention that Gorman's bonus policy instituted last January-- STFU or GTFO-- still stands.

News

Confidential To The Haters: Check Back In With James Gorman About Facebook In A Year

Until then, step off, bitch. Morgan Stanley Chairman and Chief Executive James Gorman defended the securities firm's role in Facebook's tumultuous initial public offering, telling employees internally that the firm worked "100% within the rules" and calling the steep decline in Facebook's stock "disappointing." Mr. Gorman, in a weekly strategy meeting Tuesday that was later webcast to employees, said "speculation of nefarious activity" surrounding the social networking company's IPO is untrue. Contrary to some reports, he said, he wasn't "aware of any dissent" among the underwriting firms regarding Facebook's IPO price of $38 a share. The discussion, called a strategy forum, is held weekly at the firm. The event, which Mr. Gorman attends periodically, features commentary from analysts and economists and is linked to on the company's internal website. Mr. Gorman told employees to "be proud of the job your colleagues did [in the Facebook IPO process] and don't judge us based upon what happened over a couple of days." Commenting on Facebook's stock performance, Mr. Gorman acknowledged the first day of trading "matters" but added investors should also judge an IPO based on its share price after 30 days, 90 days and 12 months. Morgan Stanley Chief Defends Facebook Handling [WSJ]

News

James Gorman To Morgan Stanley Employees: STFU Or GTFO

News

Bonus Watch '14: James Gorman Is Proud Of Y'All

News

You Don't Want To Know What Happens When James Gorman Clears His Throat More Than 5 Times

News

Dick Bové "Believes In" James Gorman, Morgan Stanley