Morgan Stanley CEO James Gorman Announces Plans to Step Down Within a Year; Successor Still Unnamed
- Gorman has served as CEO since 2010 and overseen the firm's transformation into a wealth management powerhouse.
- Gorman believes Morgan Stanley is well-positioned to weather potential economic turmoil.
- Gorman's legacy includes strategic acquisitions like E*Trade and Eaton Vance that fueled the firm's growth.
- The board has identified three internal candidates as potential successors, though no final decision has been made.
- Gorman will remain with Morgan Stanley as executive chairman to help ensure a smooth leadership transition.
Reuters 
Barron's 
CNBC 
Washington Post 
Semafor 
New York Post 
The Information 
Fortune 
CNN 
Business Insider 