Morgan Stanley Chairman and CEO James Gorman is expected to take a pay cut for 2012, reflecting the securities firm’s sluggish performance.
Posts Tagged ‘ James Gorman ’
Morgan Stanley CEO to Take Pay Cut
Morgan Stanley Chairman and CEO James Gorman is expected to take a pay cut for 2012, reflecting the securities firm’s sluggish performance.
Morgan Stanley CEO to Take Pay Cut
Morgan Stanley Chairman and CEO James Gorman is expected to take a pay cut for 2012, reflecting the securities firm’s sluggish performance.
The Good Leads
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Markets
Apple announces surprise press conference for this morning at 9am ET, everyone freaks out. Details here: (Apple)
Venture capitalist Howard Lindzon speculates on the Apple presser – could a deal for Twitter be at hand? (Howard Lindzon)
Actionable
Why Jeffrey Gundlach and Wilbur Ross (XCO) are betting on natural gas. (TRB)
Don’t believe the hype, bond yields (TNX, TLT) are not “spiking” at all. (The Armo Trader)
A “death cross” in the True Religion (TRLG) chart… (Trade With Pete)
Frank Voisin looks at Teavana (TEA), the most heavily-shorted stock in America. (Frankly Speaking)
Industry
The details of the $25 billion mortgage settlement (who’s really paying?) are “quite appalling”. (Economic Musings)
Kristen French talks to Merrill’s John Thiel about how the cost-cutting is going at the New BAC. (Due Diligence)
James Gorman to his employees at Morgan Stanley: Cool it with that Goldman op-ed you guys, we’re on Team Lloyd. (Bloomberg)
Finra fines and enforcement actions in 2011 totaled $68 million, up from $45 million in 2010. (Investment News)
LOL
Did you hear the one about the guys who are willing to give you a loan for your securitized by your corporate stock shares? (Dealbreaker)
Josh Brown is a contributor to the Financial Adviser blog. He is a vice president at Fusion Analytics, an investment advisory firm, and the author of the The Reformed Broker blog. His commentary here is for informational purposes and should not be construed as research or advice. Mr. Brown buys and sells investment instruments for his own and his clients’ accounts, and will disclose if he holds a position in a company or industry he writes about.
The Good Leads
Links for the informed adviser…
Markets
Stocks up pre-market after Bernanke announces zero percent interest rates until your grandchildren have gray hair, Durable Goods and Weekly Claims on tap today. More here: (MarketWatch)
Giants in the Super Bowl has historically meant for not-so-good things in the stock market. (Overheard)
Actionable
“Italy could turn out to be the investment bet of the decade if European Union leaders manage to contain the euro zone crisis.” (Reuters)
Lucy Marcus: RIM and Yahoo still suffering “Management from the Grave”. (Reuters)
A look at the coffee names (CBOU, GMCR, PEET) ahead of tonight’s Starbucks report. (Dragonfly Capital)
Jerry: A higher low setting up in the SPY could mean new highs in 2013. (The Armo Trader)
Industry
Obama’s address contained a clue that the mortgage fraud investigations are about to get serious. (TBP)
Bob Pisani on the prospects for ETFs to finally break into the 401(k) biz. (CNBC)
James Gorman to Morgan Stanley bonus crybabies: “Are you kidding me?” (Dealbreaker)
Charles Green: Disclosure is NOT the same thing as transparency. (Trusted Advisor)
Why the financial services industry is scared of social media. (CorpComms)
LOL
Greetings from Davos!!! (TRB)
Josh Brown is a contributor to the Financial Adviser blog. He is a vice president at Fusion Analytics, an investment advisory firm, and the author of the The Reformed Broker blog. His commentary here is for informational purposes and should not be construed as research or advice. Mr. Brown buys and sells investment instruments for his own and his clients’ accounts, and will disclose if he holds a position in a company or industry he writes about.
The Good Leads
Links for the informed adviser…
Markets
US stocks focusing on Greek bond talks today in the absence of major earnings or econ data stateside, get caught up here: (MarketWatch)
Actionable
In Search of Yield on the cover of Barron’s this weekend – will Apple and Berkshire become dividend payers this year? (Barron’s)
Stock Rabbi on the Search for Yield: “Don’t search so hard, yield is already everywhere…” (TRB)
The RIMM Co-CEOs step aside, time to buy? (Globe and Mail)
Chess: Shaking off a headfake and the case of Gilead (GILD). (iBankCoin)
Industry
Finra and the SEC forge closer ties, but they’re still hanging out as “just friends”. (Reuters)
Advisers may want to begin prospecting in Hartford CT, the “Quiet American City with The Highest Per-Capita GDP In The World” (Business Insider)
It’s good to be the undertaker! Restructuring firm Alvarez and Marsal has raked in $500 million so far working on the Lehman Brothers carcass. (Bloomberg)
“Wirehouse advisers are frustrated at the bureaucracy and managements of their firms, retention deals are wearing off and at the same time, firms in the independent space have come up with lot of solutions for advisers,” (Investment News)
Lauren LaCapra on Morgan Stanley CEO James Gorman’s $10 million bonus. (Reuters)
LOL
Old Wall Street denizens put on a shocking display of tone deafness and awkward attempts at humor the other night, hilarity doesn’t ensue. (TRB)
Josh Brown is a contributor to the Financial Adviser blog. He is a vice president at Fusion Analytics, an investment advisory firm, and the author of the The Reformed Broker blog. His commentary here is for informational purposes and should not be construed as research or advice. Mr. Brown buys and sells investment instruments for his own and his clients’ accounts, and will disclose if he holds a position in a company or industry he writes about.