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Morgan Stanley Takes New Direction with Business Modeldel

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  • Description

    FBN’s Charlie Gasparino on the new business model for Morgan Stanley.

  • Duration 4:36
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This transcript is automatically generated

That's right now and yeah.

Business yeah.

And are -- we are checking.

Later on -- -- little background here for the viewers big said we just finished duke it out it was funny.

Why Michael -- citizens that it has sought.

Let's hear what do I had a little argument with Morgan Stanley about I was doing the story about down.

Some issues that they had.

And a PR person had something not so nice to say about.

Company this back in those November let's hear what she had to say I -- in my own words -- Morgan Stanley -- about five.

Morgan Stanley is not gonna silenced me it would death threats and I was threatened today -- the -- -- -- by one of their PR people.

And they will not silence -- I would keep doing this story I will keep given our viewers the best.

Coverage -- -- this is what a flak from Morgan Stanley said about my earlier report.

That James Gorman had a fend off rumors -- Morgan Stanley was imploding because of Europe this is what she said.

After she thought she hung up the phone but she didn't I'm going to kill him one of these days.

They will not kill me -- will not stop me that's it.

They look like about still here right now how we should point out that -- -- you know.

Yeah.

And it came.

I thank -- -- James Gorman at least twice it's that old adage that I I happen the I will say this about and he's he's Australian he's an interest in guy he could.

Put dynamite Keating to keep up with me no problem it's gonna say he must think you're correct -- it's ready to walk out straight -- so I'm he's he's a man after my own heart.

And I think he's a very good CEO we're gonna try to get out of today there are questions with the company going forward his business model members Morgan Stanley.

-- -- and financial crisis almost went out of business.

Because of this excessive risk taking he's taking the company in an interest in -- direction they're becoming a broker more and more of a broker.

For institutions they have a very good investment bank.

And for individuals through what's what's what is going to be what is now I guess and still going to be.

The largest brokerage sales force where individual investors go to brokers the largest one in on Wall Street.

And he believes this business model of -- in -- vice.

Is where the -- is gonna make a lot of money we should point out that if you look at some of the numbers they haven't matched up to what he initially said they would be.

-- when he took over back in 2010.

-- ask -- why.

And we'll get his side of the story.

-- on one of the things I like about James Gorman is that.

He's a regular guy he's a straight shooter and he's not afraid to answer questions and he's here and he's listed.

The walk in front of me after all that.

You gotta have components you know what that might not happen content on you that's a that's a get -- I -- say.

I will say this that you know given what I generally do PR people.

So -- deserve to have that was my I don't I don't mind if PR people like we just based on all the stuff I don't -- but anyway.

James Gorman that want to kill me as men like he's going to be here 1215.

We're gonna talk about the future Morgan Stanley we're gonna talk about some other issues regulation -- over regulation Morgan Manson and about compensation general Vikram and its shareholders to non binding -- but company's shareholders rejected his compensation.

We'll see if he's gonna be in the same and we eat I he -- I think -- 13% cut from last year.

And the war on the wealthy in this country potential BL I don't think you know this and he's a very -- -- guy I think what's especially about James is that.

He understands a lot about the individual investor and -- -- -- -- about that we should point out that mutual funds.

That's the main vehicle stock mutual funds where in small investors vote on there there -- -- about the markets have been bleeding.

Four years a nominee this year continue even though president keeps they -- in an economic recovery you think that.

Investor moments to be put money back in the market they haven't hundred -- came out of US stock funds last year autonomy but get but who I've just ran the numbers it's still coming and I.

Yeah and we're gonna ask him what he thinks about that because I -- -- his bottom line.

Was as you know he deals -- individual investors to their brokerage sales were so this is coming up at 1215 should be interest in.

No fireworks may be a gunshot BP is bringing his PR person and I don't have the same when the -- -- -- -- but -- An -- as if -- if I'm still alive I'll be back at 130 to talk about it after the and.

-- -- -- -- -- -- -- -- -- Real reason the states -- -- but the -- being on Imus in the morning we can.

Affirm that there are no guns allowed in the building okay thank god otherwise well we would be shot before you would got to Charlie we'll look forward of that forty.

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