to assume the role of CEO to succeed James Gorman, effective January 1, 2024. Over 1,400 CEOs have left their jobs in 2023 alone, as the Great Resignation moves on to the C-suite.
But look, the pendulum swings. You know, James Gorman came from the brokerage wealth management, asset management side of Merrill, and then at Morgan Stanley, engineered the acquisitions of Smith Barney, e-trade, Etienne Vance. So yoyu know, I think it was-- Ted Pick has done a pretty darn good job resurrecting a Morgan Stanley's investment banking business and trading business since the near calamity of the 2008 financial crisis.
And so they've lost a lot of talented people who've got tired of waiting, especially so at JPMorgan Chase, where there's a lot of people now CEOs of other banks and financial institutions that were got tired of waiting for Jamie to give up the role. I understand completely why he doesn't do it. It's the greatest job in the world. He's doing a fabulous job. The board keeps rewarding him.
For some drivers, Tesla’s Model 3 is now cheaper than a Toyota Camry — here’s why the price has dropped so low
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