Keep pulling the thread on James Gorman.
James Gorman asserts that the new CEO of Disney, Josh D'Amaro, was the board's choice, not solely Bob Iger's choice.
James Gorman is certain that Bob Iger will not return to the CEO role at Disney again.
The Disney board concluded that the best candidate for the CEO position was an internal one after a process that considered and vetted external candidates.
Disney successfully retained three internal candidates who were considered for but not chosen as CEO.
Morgan Stanley successfully retained the two other internal candidates who were considered for but not chosen as CEO.
James Gorman believes that young professionals are making a mistake if they do not work from the office, as that is where crucial mentoring and career development occur.
During the COVID-19 pandemic, James Gorman's stance was that if employees felt safe enough to go to a restaurant, they were safe enough to return to the office.
James Gorman believes senior leaders have an obligation to be physically present in the office to mentor and develop junior employees.
Morgan Stanley provided stay-on bonuses to some internal candidates who were not selected for the CEO role in order to retain them.
Disney did not provide stay-on bonuses to internal CEO candidates who were not selected for the role.
As part of the CEO succession process at Morgan Stanley, James Gorman required candidates to write strategy papers and then questioned them on the content.
James Gorman states that Disney has a history of problematic CEO successions stretching back for several decades.