Morgan Stanley AGM quick affair

Morgan Stanley HQ

20 minutes.

Morgan Stanley’s annual investor meeting lasted 20 minutes, and no one asked any questions.

The New York Times reported that the gathering was notable only for its lack of excitement, and for the absence of one particular shareholder who always made the event more lively.

James Gorman, the firm’s CEO, paid respects to Harry Korba, an investor that Morgan Stanley executives had come to know for his colorful questions and photographic memory of the firm’s financial statements.

Korba, whose powder-blue suits stood out each year, died in December. Addressing the bank’s chief executive, he would always make sure the audience knew he was asking questions 'without any notes' when he cited specific line items on Morgan Stanley’s annual reports.

To access the complete New York Times article hit the link below:

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