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Morgan Stanley CEO Ted Pick declared the era of zero interest rates and inflation over, emphasizing that higher rates and geopolitical challenges will persist. He noted the transition from easy monetary policy since 2022 has made it tougher for public companies, with Wall Street executives skeptical about further rate cuts this year.
Morgan Stanley has appointed CEO Ted Pick as its next chair, succeeding James Gorman, who will lead the board at Walt Disney after stepping down at the end of the year. This move consolidates the roles of CEO and chair, a practice that has faced criticism for centralizing power, though supporters argue it enhances decision-making efficiency. Pick became CEO earlier this year after succeeding Gorman.
Morgan Stanley CEO Ted Pick will assume the role of chairman of the board in January, succeeding James Gorman, who announced his departure at the end of the year. In recognition of his service, Gorman will be honored with the title of “chair emeritus” after leaving the board.
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Morgan Stanley CEO declares end of zero interest rates and easy money era
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16:12 29.10.2024
morgan stanley appoints ted pick as new chair following gorman's departure
22:51 24.10.2024
morgan stanley ceo ted pick to become chairman of the board
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