Morgan Stanley just picked its new CEO. Here's our take on the succession news

Morgan Stanley just picked its new CEO. Here's our take on the succession news

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has finally named a successor to longtime CEO James Gorman — removing a big question mark for investors like us. Ted Pick, a 33-year banking vet who has served as co-president of Morgan Stanley for the last two years, will succeed Gorman on Jan. 1, according to Wednesday's announcement . Pick was…

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