Gorman Says Three Potential Successors at Morgan Stanley in Place

The transcript discusses leadership and succession planning at Morgan Stanley. It emphasizes the importance of having a plan for leadership transition, developing a pool of talented executives, and ensuring the company's growth by focusing on the next generation. The speaker highlights their intentional approach to stepping down and the long-term planning involved in talent development, reflecting on their 14 years in the role and the opportunities to nurture talent.

Why does the speaker emphasize having a backup plan at Morgan Stanley?

• To ensure smooth operations during holidays

• To prepare for unforeseen events

• To increase company profits

• To improve employee satisfaction

How many executives are currently prepared to take over leadership at Morgan Stanley?

• Two

• Three

• Four

• Five

Who will ultimately decide the next leader of Morgan Stanley?

• The board of directors

• The employees

• The shareholders

• The current CEO

What is the speaker's approach to leadership and succession planning?

• Focus on short-term goals

• Develop talent over a long-term period

• Avoid planning for the future

• Rely on external hiring

How long has the speaker been in their current role?

• 16 years

• 10 years

• 12 years

• 14 years