Walt Disney on Monday named Morgan Stanley veteran James Gorman (pictured) as chairman and said it would announce a new CEO to replace Bob Iger in early 2026, setting the stage for succession at the storied media and entertainment company.
Gorman will step down as executive chairman of Morgan Stanley at the end of 2024 and take on the position at Disney in January. He had served as CEO of the Wall Street bank for 14 years and is credited with transforming the bank into a wealth management powerhouse.
Gorman had orchestrated a CEO succession plan in which Ted Pick took the reins at the same time as retaining the two other candidates, executives Andy Saperstein and Dan Simkowitz, a rarity on Wall Street.
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A SWEET DEAL
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Maha election results fire up PSU stocks
Analysts believe NDA's landslide victory in the state will bring zing back to the markets that have seen some correction recently
Adopt online banking, reduce branch visits to minimise vulnerability
At the recently held State Bank of India Economist Conclave, Finance Minister Nirmala Sitharaman highlighted that while bancassurance has improved insurance penetration, it has also led to mis-selling.
Zomato shares zoom on Sensex inclusion
Shares of Zomato rallied as much as 7.6 percent on Monday, buoyed by the stock's entry into the benchmark Sensex.
RIL shares rise on Citi's 'buy' call
US brokerage has raised scrip target price to ₹1,530, an upside of over 18%
Godrej Properties to gain from strong land portfolio, demand outlook
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Rupee appreciates 0.2% to 84.29 against dollar
The rupee appreciated by 0.2 per cent against the US dollar on Monday, tracking gains in its Asian peers.
Edelweiss Financial explores minority stake sale in MF unit
May value the business at $700-$800 million
Sensex reclaims 80,000 mark
Maha poll results, MSCI buying underscore gains
Politics, culture and performance
\"All the world's a stage, and all the men and women merely players.\" If we start looking at ourselves as characters who perform, and observe where the stage is, a lot more can start to make sense.
