At SIFMA’s annual meeting today, Charlie Rose asked James Gorman a few questions.
What will the company’s focus be in the future? Was one of them.
Then he asked him about the business model of his company.
The Wall Street Journal, which was there, describes what happened:
The line of inquiry about Morgan’s business model also included a bit of a (perhaps wishful thinking) slip. Rose at one point called Gorman’s firm, “Goldman Sachs.” Oops.
We assume Gorman took it like a man.