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View Full Version : Gorman Embracing Vegemite in New Wall Street's 15% Bogey at Morgan Stanley - Bloomber



NewsWhore
02-06-2012, 02:40 AM
Gorman Embracing Vegemite in New Wall Street's 15% Bogey at Morgan Stanley (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEa-sYUpGaU3P3muK9fN38K_zaSUA&url=http://www.bloomberg.com/news/2012-02-06/gorman-embracing-vegemite-in-new-wall-street-s-15-bogey-at-morgan-stanley.html)
Bloomberg
To put five years of writedowns and government bailouts behind him, Gorman is unloading unprofitable investments and expanding in relatively low-risk areas such as currency trading. He has abolished the bank's proprietary-trading operations, ...

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