James Gorman, Morgan Stanley’s chief executive, told employees in a video Thursday that he has fully recovered from COVID-19 after experiencing symptoms nearly a month ago and self-quarantining at home.
Gorman, 61, said he continued taking regular calls with Morgan Stanley’s operating committee and board of directors, and didn’t experience severe symptoms, according to a Reuters story.
The video was the first time Morgan Stanley had shared with anyone beyond the boardroom and executive suite that its CEO had tested positive for the respiratory disease, Reuters said. It became public knowledge once news outlets learned of the message.
The Securities and Exchange Commission requires public companies to disclose material facts to the public, but there is widespread debate about when corporations must disclose information about the health of an executive, corporate governance lawyers told Reuters.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
