John Mack is stepping down as Chairman of Morgan Stanley. James Gorman will take his place. Morgan Stanley issued a
release on the reorganization.
The
New York Times has
more.
"Mr. Mack, a former chief executive of the firm, has been chairman since early 2010. He is expected to retain a senior advisory role, and is currently working on a book about leaders and his years on Wall Street, which is scheduled to be published next September."
And:
"The decision to have Mr. Gorman succeed Mr. Mack as chairman was widely expected."
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