Last night Disney announced a restructuring, including a $5.5bn costs savings target and 7,000 planned job cuts (about 3 per cent of its workforce). Better for investors to pursue the benefits of diversification at the stock portfolio level, rather than have banks pursue it with a risky merger.
NEW YORK, February 08, 2023--Morgan Stanley (NYSE: MS) today is hosting its first global in-person Demo Day, with 10 participating companies from the US and Europe, the Middle East and Africa (EMEA). The cohort companies, all founded by women, will pitch over 200 investors, as well as potential business partners and customers.
Over the past decade, Goldman’s shares have returned less than half of what its rival Morgan Stanley’s have, and have underperformed the market in general. Goldman is supposed to be where all the smart money people are, so this is awkward. Morgan Stanley built a thriving arm managing the assets of the wealthy, which mints reliable profits.