Morgan Stanley v Goldman Sachs

Lloyd Blankfein

Last firms standing.

One grew up in Brooklyn public housing, the son of a postal worker, and shared a bedroom with his grandmother. The other was born half a world away, in Australia, the son of an engineer and the sixth of 10 children in a comfortable Melbourne household.

Bloomberg News reports that one was a tax attorney who became a precious metals salesman. The other spent years at McKinsey & Co. before going into banking. One is short, bearded, and has a joke for every occasion. The other is tall, cleanshaven, and matter-of-fact.

They are Lloyd Blankfein and James Gorman, and they run the only surviving stand-alone investment banks in the U.S. - Goldman Sachs and Morgan Stanley. They’re as different in appearance, personality, and style as the antipodes that mark their birth. And, while they still compete in many businesses, they’re steering their firms in opposite directions.

To access the complete Bloomberg News article hit the link below:

Wall Street Diverges as Gorman and Blankfein Take Opposite Paths

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