In Good Company with Nicolai Tangen
Morgan Stanley Chair and CEO: Succession, culture, stress, and leadership
Nov 29, 2023
James Gorman, a prominent figure in banking, shares his journey from a family of 12 to leading Morgan Stanley. He delves into the importance of cultural alignment when integrating companies and discusses the qualities of effective leadership amidst high stress. Gorman also emphasizes coping strategies for stress, including fitness and mindfulness. He touches on geopolitical tensions affecting business and the competitive landscape of AI, advocating for nurturing young talent while balancing personal life and career.
46:21
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Quick takeaways
- Growing up in a large family taught James Gorman the importance of collaboration and creating a warm and inclusive environment.
- Focusing on wealth management provides a more sustainable and rewarding business model in the financial sector.
Deep dives
Growing up in a large family teaches humility and collaboration
James Gorman discusses his upbringing in a large family with nine siblings. He highlights how growing up in a crowded household normalized differences and taught him the importance of collaboration. He believes that having siblings with various strengths and weaknesses humbles an individual and fosters a warm and inclusive environment.
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