Morgan Stanley Successfully Revamped FICC, Says Hawken

The video discusses Morgan Stanley's recent financial performance, highlighting a six-month period where its revenue surpassed Goldman Sachs. This success is attributed to strategic restructuring and improved risk management under Ted Pick. The video also compares the business strategies of Morgan Stanley and Goldman Sachs, noting shifts in business mix and stability in earnings.

What role did Ted Pick play in the restructuring of Morgan Stanley's business?

What factors contributed to the stability of Morgan Stanley's earnings base after acquiring Smith Barney?