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.
InvestmentNews reported in 2017 that the IRS was scrutinizing the tax shelter land deals, called syndication conservation easements.
Advisors gain a second workflow for 401(k) guidance as the fintech expands beyond bulk rebalancing, backed by new policy research on advice access.
New data shows most people do not have enough saved to cover costs and are not fully utilizing their accounts.
Firms announce new recruits this week, with teams overseeing hundreds of millions in client assets switching affiliations.
It’s the 12th deal for Stratos since SEI's investment and follows 11 acquisitions worth $4.8B in 2025.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
