www.wsj.com Open in urlscan Pro
2600:9000:225b:b400:3:4b0:de80:93a1  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to Main ContentSkip to Search
Skip to...
Select
 * What to Read Next
 * Most Popular News
 * Sponsored Offers
 * Most Popular Opinion
 * Recommended Videos

Dow Jones, a News Corp companyAbout WSJ
 * News Corp is a global, diversified media and information services company
   focused on creating and distributing authoritative and engaging content and
   other products and services.
 * Dow Jones
   * Barron's
   * BigCharts
   * Dow Jones Businesses
   * Dow Jones Newswires
   * Factiva
   * Financial News
   * Mansion Global
   * MarketWatch
   * Newsmart
   * NewsPlus
   * Risk & Compliance
   * WSJ Live
   * WSJ Pro
   * WSJ Video
   * WSJ.com
 * News Corp
   * Avail
   * Business Spectator
   * HarperCollins Publishers
   * Housing
   * Makaan
   * New York Post
   * PropTiger
   * REA
   * realtor.com
   * Storyful
   * The Australian
   * The Sun
   * The Times
 * 


DJIA33306.81 points with a0.36%▼
S&P 5004192.14 points with a0.00%▲
Nasdaq12699.90 points with a0.33%▲
U.S. 10 Yr-2/32with a3.701%▼
Crude Oil71.70 points with a0.21%▲
Euro1.0815 points with a0.08%▲

Morgan Stanley’s James Gorman to Step Down as CEO

Share
Resize

--------------------------------------------------------------------------------



Listen

(1 min)




SubscribeSign In
SubscribeSign In
SubscribeSign In
Intro Offer
The Wall Street Journal
Save on a WSJ Membership
Gain Trusted Insights on 2023’s Biggest Stories
Become a WSJ Member Today
Subscribe Now
 * English Edition
   EditionEnglish中文 (Chinese)日本語 (Japanese)
 * Print Edition
 * Video
 * Audio
 * Latest Headlines
 * More
   MoreOther Products from WSJBuy Side from WSJWSJ ShopWSJwine

 * Home
 * World
   Regions
   Africa
   Asia
   Canada
   China
   Europe
   Latin America
   Middle East
   Sections
   Economy
   More
   World Video
 * U.S.
   Sections
   Economy
   Law
   Politics
   More
   U.S. Video
   What's News Podcast
 * Politics
   More
   Politics Video
 * Economy
   WSJ Pro
   Bankruptcy
   Central Banking
   Private Equity
   Venture Capital
   More
   Economic Forecasting Survey
   Economy Video
   Sections
   Capital Account
 * Business
   Sections
   Management
   Journal Reports
   The Future of Everything
   Obituaries
   Tech/WSJ.D
   Industries
   Aerospace & Defense
   Autos & Transportation
   Commercial Real Estate
   Consumer Products
   Energy
   Entrepreneurship
   Financial Services
   Food & Services
   Health Care
   Hospitality
   Law
   Manufacturing
   Media & Marketing
   Natural Resources
   Retail
   C-Suite
   CFO Journal
   CIO Journal
   CMO Today
   Logistics Report
   Risk & Compliance
   The Workplace Report
   Columns
   Heard on the Street
   WSJ Pro
   Bankruptcy
   Central Banking
   Cybersecurity
   Private Equity
   Sustainable Business
   Venture Capital
   More
   Business Video
   Business Podcast
   Space & Science
 * Tech
   Sections
   CIO Journal
   The Future of Everything
   Personal Tech
   Columns
   Christopher Mims
   Joanna Stern
   Julie Jargon
   Nicole Nguyen
   More
   Tech Video
   Tech Podcast
 * Markets
   Sections
   Bonds
   Commercial Real Estate
   Commodities & Futures
   Stocks
   Personal Finance
   WSJ Money
   Streetwise
   Intelligent Investor
   Columns
   Heard on the Street
   Greg Ip
   Jason Zweig
   Laura Saunders
   James Mackintosh
   Market Data
   Market Data Home
   U.S. Stocks
   Currencies
   Companies
   Commodities
   Bonds & Rates
   Mutual Funds & ETFs
   More
   CFO Journal
   Markets Video
   Your Money Briefing Podcast
   Secrets of Wealthy Women Podcast
   Search Quotes and Companies
 * Opinion
   Columnists
   Gerard Baker
   Sadanand Dhume
   James Freeman
   William A. Galston
   Daniel Henninger
   Holman W. Jenkins
   Andy Kessler
   William McGurn
   Walter Russell Mead
   Peggy Noonan
   Mary Anastasia O'Grady
   Jason Riley
   Joseph Sternberg
   Kimberley A. Strassel
   Allysia Finley
   More
   Editorials
   Commentary
   Future View
   Houses of Worship
   Cross Country
   Letters to the Editor
   The Weekend Interview
   Potomac Watch Podcast
   Foreign Edition Podcast
   Free Expression Podcast
   Opinion Video
   Notable & Quotable
 * Books & Arts
   Reviews
   Film
   Television
   Theater
   Masterpiece Series
   Music
   Dance
   Opera
   Exhibition
   Cultural Commentary
   Art
   Sections
   Arts
   Books
   More
   WSJ Puzzles
   What To Watch
   Arts Calendar
 * Real Estate
   Sections
   Commercial Real Estate
   More
   Real Estate Video
 * Life & Work
   Sections
   Cars
   Careers
   Food & Drink
   Home & Design
   Ideas
   Personal Finance
   Recipes
   Travel
   Wellness
   Columns
   Your Health
   Work & Life
   Carry On
   Bonds
   Turning Points
   On Wine
   On The Clock
   More
   WSJ Puzzles
   Space & Science
 * Style
   Sections
   Lifestyle
   Fashion
   Film
   Television
   Music
   Art & Auctions
   Columns
   My Monday Morning
   Off Brand
   On Trend
 * Sports
   Sections
   Baseball
   Basketball
   Football
   Golf
   Hockey
   Olympics
   Soccer
   Tennis
   Columns
   Jason Gay

Search
SubscribeSign In

 * English Edition
   EditionEnglish中文 (Chinese)日本語 (Japanese)
 * Print Edition
 * Video
 * Audio
 * Latest Headlines
 * More
   MoreOther Products from WSJBuy Side from WSJWSJ ShopWSJwine

 * Home
 * World
   Regions
   Africa
   Asia
   Canada
   China
   Europe
   Latin America
   Middle East
   Sections
   Economy
   More
   World Video
 * U.S.
   Sections
   Economy
   Law
   Politics
   More
   U.S. Video
   What's News Podcast
 * Politics
   More
   Politics Video
 * Economy
   WSJ Pro
   Bankruptcy
   Central Banking
   Private Equity
   Venture Capital
   More
   Economic Forecasting Survey
   Economy Video
   Sections
   Capital Account
 * Business
   Sections
   Management
   Journal Reports
   The Future of Everything
   Obituaries
   Tech/WSJ.D
   Industries
   Aerospace & Defense
   Autos & Transportation
   Commercial Real Estate
   Consumer Products
   Energy
   Entrepreneurship
   Financial Services
   Food & Services
   Health Care
   Hospitality
   Law
   Manufacturing
   Media & Marketing
   Natural Resources
   Retail
   C-Suite
   CFO Journal
   CIO Journal
   CMO Today
   Logistics Report
   Risk & Compliance
   The Workplace Report
   Columns
   Heard on the Street
   WSJ Pro
   Bankruptcy
   Central Banking
   Cybersecurity
   Private Equity
   Sustainable Business
   Venture Capital
   More
   Business Video
   Business Podcast
   Space & Science
 * Tech
   Sections
   CIO Journal
   The Future of Everything
   Personal Tech
   Columns
   Christopher Mims
   Joanna Stern
   Julie Jargon
   Nicole Nguyen
   More
   Tech Video
   Tech Podcast
 * Markets
   Sections
   Bonds
   Commercial Real Estate
   Commodities & Futures
   Stocks
   Personal Finance
   WSJ Money
   Streetwise
   Intelligent Investor
   Columns
   Heard on the Street
   Greg Ip
   Jason Zweig
   Laura Saunders
   James Mackintosh
   Market Data
   Market Data Home
   U.S. Stocks
   Currencies
   Companies
   Commodities
   Bonds & Rates
   Mutual Funds & ETFs
   More
   CFO Journal
   Markets Video
   Your Money Briefing Podcast
   Secrets of Wealthy Women Podcast
   Search Quotes and Companies
 * Opinion
   Columnists
   Gerard Baker
   Sadanand Dhume
   James Freeman
   William A. Galston
   Daniel Henninger
   Holman W. Jenkins
   Andy Kessler
   William McGurn
   Walter Russell Mead
   Peggy Noonan
   Mary Anastasia O'Grady
   Jason Riley
   Joseph Sternberg
   Kimberley A. Strassel
   Allysia Finley
   More
   Editorials
   Commentary
   Future View
   Houses of Worship
   Cross Country
   Letters to the Editor
   The Weekend Interview
   Potomac Watch Podcast
   Foreign Edition Podcast
   Free Expression Podcast
   Opinion Video
   Notable & Quotable
 * Books & Arts
   Reviews
   Film
   Television
   Theater
   Masterpiece Series
   Music
   Dance
   Opera
   Exhibition
   Cultural Commentary
   Art
   Sections
   Arts
   Books
   More
   WSJ Puzzles
   What To Watch
   Arts Calendar
 * Real Estate
   Sections
   Commercial Real Estate
   More
   Real Estate Video
 * Life & Work
   Sections
   Cars
   Careers
   Food & Drink
   Home & Design
   Ideas
   Personal Finance
   Recipes
   Travel
   Wellness
   Columns
   Your Health
   Work & Life
   Carry On
   Bonds
   Turning Points
   On Wine
   On The Clock
   More
   WSJ Puzzles
   Space & Science
 * Style
   Sections
   Lifestyle
   Fashion
   Film
   Television
   Music
   Art & Auctions
   Columns
   My Monday Morning
   Off Brand
   On Trend
 * Sports
   Sections
   Baseball
   Basketball
   Football
   Golf
   Hockey
   Olympics
   Soccer
   Tennis
   Columns
   Jason Gay

Search

Morgan Stanley’s James Gorman to Step Down as CEO

Share
Resize

--------------------------------------------------------------------------------



Listen

(1 min)





Banking Turmoil
Timeline of EventsWhat to KnowWhy First Republic Failed JPMorgan's WinWhat
Happens NextYour MoneyNewsletter Signup



This copy is for your personal, non-commercial use only. Distribution and use of
this material are governed by our Subscriber Agreement and by copyright law. For
non-personal use or to order multiple copies, please contact Dow Jones Reprints
at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/articles/morgan-stanleys-james-gorman-to-step-down-as-ceo-8e4d2cb1

 * Markets
 * Finance


MORGAN STANLEY’S JAMES GORMAN TO STEP DOWN AS CEO


SAYS HE EXPECTS HIS SUCCESSOR TO BE NAMED WITHIN THE NEXT 12 MONTHS

By AnnaMaria Andriotis

Updated May 19, 2023 4:31 pm ET
Share
Resize

--------------------------------------------------------------------------------



Listen

(1 min)



Photo: Bloomberg

James Gorman said he is stepping down as chief executive at Morgan Stanley MS
0.11%increase; green up pointing triangle in the next year, marking an end to a
13-year run in which he overhauled the Wall Street bank and on some measures
overtook rival Goldman Sachs GS -0.93%decrease; red down pointing triangle.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.
87990cbe856818d5eddac44c7b1cdeb8

Continue reading your article with
a WSJ subscription


INTRO OFFER


€2 PER MONTH

Subscribe Now

Already a subscriber? Sign In




Sponsored Offers
 * TurboTax:
   Save up to $15 with TurboTax coupon May 2023
 * The Motley Fool:
   Epic Bundle - 3x Expert Stock Recommendations
 * H&R Block Tax:
   15% Off DIY Online Tax Filing Services | H&R Block Coupon Code
 * Top Resume:
   10% TopResume Discount Code for expert resume-writing services
 * eBay:
   30% off eBay coupon
 * Groupon:
   Exclusive: 30% Off Groupon Promo Code

MOST POPULAR NEWS

 * JEFFREY EPSTEIN APPEARED TO THREATEN BILL GATES OVER MICROSOFT FOUNDER’S
   AFFAIR
   
   

 * HOW BUD LIGHT BLEW IT
   
   

 * HERE’S WHAT IT LOOKS LIKE WHEN AMERICANS RETIRE OVERSEAS
   
   

 * HOW AMERICA’S LARGEST RESTAURANT FRANCHISEE DECIDES WHEN TO RAISE PRICES
   
   

 * THE HEALTHCARE PLAN MOST PEOPLE SHOULD BUY—AND WHY THEY DON’T
   
   

MOST POPULAR OPINION

 * OPINION: ELON MUSK IS RIGHT ABOUT GEORGE SOROS—AND NOT ANTI-SEMITIC
   
   

 * OPINION: WHAT THE 14TH AMENDMENT REALLY SAYS
   
   

 * OPINION: THE CLARENCE THOMAS STORIES THAT PBS REFUSED TO TELL
   
   

 * OPINION: THE NEW BAR EXAM PUTS DEI OVER COMPETENCE
   
   

 * OPINION: ESCAPE FROM NEW YORK, ETC.
   
   

RECOMMENDED VIDEOS







 * The Wall Street Journal
 * English Edition
   EditionEnglish中文 (Chinese)日本語 (Japanese)
 * Subscribe NowSign In
 * Back to Top «

WSJ Membership

 * Buy Side Exclusives
 * Subscription Options
 * Why Subscribe?
 * Corporate Subscriptions
 * WSJ Higher Education Program
 * WSJ High School Program
 * Public Library Program
 * WSJ Live
 * Commercial Partnerships

Customer Service

 * Customer Center
 * Contact Us
 * Cancel My Subscription

Tools & Features

 * Newsletters & Alerts
 * Guides
 * Topics
 * My News
 * RSS Feeds
 * Video Center
 * Watchlist
 * Podcasts
 * Visual Stories

Ads

 * Advertise
 * Commercial Real Estate Ads
 * Place a Classified Ad
 * Sell Your Business
 * Sell Your Home
 * Recruitment & Career Ads
 * Coupons
 * Digital Self Service

More

 * About Us
 * Content Partnerships
 * Corrections
 * Jobs at WSJ
 * News Archive
 * Register for Free
 * Reprints & Licensing
 * Buy Issues
 * WSJ Shop

 * WSJ Membership Benefits
 * Customer Center
 * Cancel My Subscription
 * Legal Policies
 * Manage Cookies

 * Facebook
 * Twitter
 * Instagram
 * YouTube
 * Podcasts
 * Snapchat
 * Google Play
 * App Store

Dow Jones Products

 * Barron's
 * BigCharts
 * Dow Jones Newswires
 * Factiva
 * Financial News
 * Mansion Global
 * MarketWatch
 * Risk & Compliance
 * Buy Side from WSJ
 * WSJ Pro
 * WSJ Video
 * WSJ Wine

 * Privacy Notice
 * Cookie Notice
 * Manage Cookies
 * Copyright Policy
 * Data Policy
 * Subscriber Agreement & Terms of Use
 * Your Ad Choices
 * Accessibility
 * Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Back to Top «
English Edition
EditionEnglish中文 (Chinese)日本語 (Japanese)

--------------------------------------------------------------------------------

 * Facebook
 * Twitter
 * Instagram
 * YouTube
 * Podcasts
 * Snapchat

WSJ Membership

 * Buy Side Exclusives
 * Subscription Options
 * Why Subscribe?
 * Corporate Subscriptions
 * WSJ Higher Education Program
 * WSJ High School Program
 * Public Library Program
 * WSJ Live
 * Commercial Partnerships

Customer Service

 * Customer Center
 * Contact Us
 * Cancel My Subscription

Tools & Features

 * Newsletters & Alerts
 * Guides
 * Topics
 * My News
 * RSS Feeds
 * Video Center
 * Watchlist
 * Podcasts
 * Visual Stories

Ads

 * Advertise
 * Commercial Real Estate Ads
 * Place a Classified Ad
 * Sell Your Business
 * Sell Your Home
 * Recruitment & Career Ads
 * Coupons
 * Digital Self Service

More

 * About Us
 * Content Partnerships
 * Corrections
 * Jobs at WSJ
 * News Archive
 * Register for Free
 * Reprints & Licensing
 * Buy Issues
 * WSJ Shop

 * WSJ Membership Benefits
 * Customer Center
 * Cancel My Subscription
 * Legal Policies
 * Manage Cookies

 * Google Play
 * App Store

--------------------------------------------------------------------------------

Sign In
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of
this material are governed by our Subscriber Agreement and by copyright law. For
non-personal use or to order multiple copies, please contact Dow Jones Reprints
at 1-800-843-0008 or visit www.djreprints.com.