Skip to main content

A year-and-a-half ago, Morgan Stanley made clear it wouldn’t be following the new woke Wall Street trend of at least humoring the womenfolk among its staff that one of them might hope to ascend to its top job. No Sheila would succeed Jim Gorman as CEO; the unbroken line of white guys stretching back to the firm’s founding 88 years ago would remain unbroken.

But which white dude? Would it be wealth-management impresario Andy Saperstein? Sweary trading chief Ted Pick? The rising investment-management head Dan Simkowitz?

Well, it’s probably gonna be one of them, because it’s not going to be COO Jon Pruzan.

Mr. Pruzan, 54, will step down on Jan. 31, the Wall Street firm said in a Securities and Exchange Commission filing Monday…. Mr. Pruzan has spent most of his career at Morgan Stanley, having joined the bank in 1994 after a stint at PaineWebber.

Morgan Stanley CEO Contender Jonathan Pruzan to Retire [WSJ]


(Getty Images)

Running The Most Successful Bank On Wall Street Apparently Too Hard

So Jim Gorman wants to turn Morgan Stanley into Schwab.

(Getty Images)

James Gorman Has A Nifty New Euphemism For ‘Pay Cut’

Morgan Stanley decides compensation is only for closers.

James Gorman Aussie

Jim Gorman Thinks The White House Needs To Get Stuffed On This Trade War Nonsense, Mate

The Morgan Stanley CEO tells CNBC that the president is acting like a total bogan, yeah?

James Gorman Aussie

Noted Epidemiologist James Gorman Acknowledges Slight Scientific Error

Seems we weren’t going to have this COVID stuff licked by Labor Day.

(Getty Images)

Morgan Stanley To Uphold Oldest Wall Street Tradition

There’s a “girls not allowed” sign on the CEO office’s door.

(Getty Images)

Bonus Watch ’20: Last Year Would Have Been A Great One To Work At Goldman, Morgan Stanley If Not For, You Know…

D-Sol and J-Gorm really would like to share they year’s bounty with you, but they just can’t right now.