Jury Still Out on Morgan Stanley-Eaton Vance Deal: Mayo

The video discusses James Gorman's significant impact on Morgan Stanley, highlighting his role in transforming the business through strategic acquisitions. It contrasts the inexpensive acquisition of Smith Barney with the costly purchase of Eaton Vance, emphasizing the CEO's belief in paying for quality. The video also explores Morgan Stanley's strategic shift from optimization to growth by acquisition, noting the different skills required. Finally, it evaluates the potential value of the Eaton Vance acquisition, acknowledging the uncertainty of its success.

What was the significance of James Gorman's leadership at Morgan Stanley?

How does the acquisition of Eaton Vance differ from the acquisition of Smith Barney?

What does the CEO mean by 'you pay a quality price for quality firm'?

What challenges are associated with mergers and acquisitions according to the text?

What is the overall assessment of the acquisition mentioned in the text?