What could you say you really know about Morgan Stanley CEO James Gorman, besides the fact he’s the CEO of Morgan Stanley.
Unlike his banker brethren at the other bulge bracket banks, the Morgan Stanley chief isn’t a main street personality, and even on Wall Street he’s not as recognised — or perhaps notorious — as Blankfein, Dimon, Pandit or Moynihan.
Gorman was just profiled in Fortune though, and there were several details inside the story that gave us more of an insight into the high-flying Aussie banker.
'He speaks in perfectly crafted sentences and paragraphs, in the modulated manner of the lawyer and consultant he has been in previous lives. And he has an exquisite but slightly aloof politeness.'
'Here's how his friend Ken Buckfire, CEO of investment bank Miller Buckfire, describes Gorman's performance in a summer poker game that's been going on the better part of two decades: 'He's usually up a few bucks but never the big winner.''
Even though he promised absolutely no layoffs at Morgan Stanley in 2010, Gorman's penchant for mass layoffs precedes him.
When he took over Merrill Lynch's brokerage unit, he sacked one third of the firm's brokers; when he began at Morgan Stanley in 2006, he sacked more than 1,000, according to Fortune.