Morgan Stanley's Gorman on Leaving: 'It Feels Right'

The transcript discusses a significant transition at Morgan Stanley, with the current CEO announcing his decision to step down after 14 years. He emphasizes the importance of refreshing leadership to ensure the organization's future success. The board is considering three internal candidates for the CEO position, evaluating them based on business acumen, character, resilience, and strategic thinking. The CEO expresses confidence in the candidates' abilities to lead the company into the future.

Why did the CEO decide it was the right time to step down?

• He wanted to retire early.

• He believed in the importance of organizational refreshment.

• He was forced by the board.

• He wanted to start a new business.

What is one of the main criteria the board is using to select a new CEO?

• Previous CEO experience

• Political connections

• Good business leadership skills

• Experience in technology

What was the CEO's role before he took over the company?

• He was a consultant for the company.

• He was running the largest and most successful part of the company.

• He was running the smallest and worst performing part of the company.

• He was not part of the company.

Which of the following is NOT mentioned as a quality the board looks for in a leader?

• Character

• Technical skills

• Endurance

• Strategic sense

How many internal candidates are being considered for the CEO position?

• Four

• Three

• Two

• Five