FT News Briefing cover image

Wall Street embraces the ‘Forever CEO’

FT News Briefing

The Downsides of Having a Ceo Who Never Leaves a Wall Street Firm

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Banks are happy to keep their ceo in place for a long time if they can do the job well. Yon james gorman was the highest paid c o on woll street year, making more than 20 million dollars. Josh franklin: One of the big downsides is your lieutenants can get em sick and tired waiting around to see if they are going to get to take the top job as well. The other potential risk is that it can be a kind of blockage on diversity.

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