Finance

What Happened Inside Morgan Stanley After Ted Pick Was Named CEO

  • Next CEO has ‘tremendous following’ in firm, James Gorman says
  • Pick plans to maintain firm’s direction, he says in interview
Ted PickSource: Morgan Stanley
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Shortly before 5 p.m. on Wednesday, Morgan Stanley co-President Ted Pick was asked to join his boss in the board room.

“I thought it was a good idea to join him — and to grab my jacket,” he said.