Morgan Stanley board considers next CEO while Gorman clears the decks
According to Reuters, Morgan Stanley's board will be concentrating on the selection of a new CEO to replace James Gorman at their summer and fall meetings. Sources indicate that the two co-presidents, Ted Pick and Andy Saperstein, are the leading contenders for the position, with Pick being the more likely candidate. Gorman is looking to settle any major regulatory issues before his departure.0

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