Morgan Stanley CEO options to move down within just the 12 months, sparking Wall Road succession race

Important Points

Morgan Stanley main James Gorman claimed Friday he ideas to resign as the bank’s CEO inside of the year, setting off a succession race at 1 of Wall Street’s leading firms.
The bank’s board has narrowed its CEO search to 3 “very powerful” interior candidates, Gorman claimed.
He will choose on the govt chairman job “for a period of time” immediately after stepping down as CEO.

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