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.
Wealth managers highlight strategies for clients trying to retire before 65 without running out of money.
Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.
President meets with ‘highly overrated globalist’ at the White House.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
