After nearly a decade and a half, the era of James Gorman atop Morgan Stanley is coming to a close. The bank said on Thursday afternoon that it was naming Ted Pick, who succeeded Gorman as CEO at the start of this year,

It is time to hand the reins to the next generation of exceptional talent at Morgan Stanley. It has been an honor and a privilege to have led and been part of Morgan Stanley fo

The Walt Disney Co. is shaking up its boardroom, with former Morgan Stanley CEO James Gorman set to become chairman of the board of directors early next year. Gorman succeeds former Nike chairman Mark Parker, who will exit the board after nine years.