What does the term 'prepping the bench' refer to in the context of Morgan Stanley?
Morgan Stanley's Gorman Stepping Down as CEO
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The transcript discusses Morgan Stanley's market reaction to leadership changes, focusing on James Gorman's transition from CEO to Executive Chairman. It highlights Gorman's leadership achievements, potential successors, and the strategic implications of his departure. The discussion also touches on market conditions and the timing of the transition.
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How has James Gorman's leadership impacted Morgan Stanley's market value compared to Goldman Sachs?
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