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Morgan Stanley’s Gorman to Step Down as Chair This Year, Shareholders Approve Executive Pay

Morgan Stanley’s Gorman to Step Down as Chair This Year, Shareholders Approve Executive Pay

In a show of support for his successor, James Gorman said he would step down as board chair from Morgan Stanley at the end of this year. Gorman led the company for 14 years and retained his chairman role when he retired as CEO. Ted Pick took over.