Morgan Stanley Hands the CEO Reins to Old School Wall Streeter Ted Pick

the staff of the Ridgewood blog

New York NY, Ted Pick, a prominent figure in the banking industry, is known for his bold and risk-taking approach to markets, which has propelled him through the ranks. During a meeting, Pick admitted to being a “drinker” after showing up 15 minutes late, attributing his tardiness to a late night out. He humorously noted that the situation “could be worse” and playfully called out other senior bankers who had been with him the previous night.

His spirited and unfiltered nature led to an engaging “10-minute rant” during the meeting, although this was later edited by Morgan Stanley before being shared on the bank’s intranet. Despite such incidents, many at the firm appreciate Pick’s unfiltered approach, and his reputation as a risk-taker has earned him respect among the bank’s employees. His use of colorful language has even led to pranks from former CEO John Mack, who flagged Pick’s chats for excessive expletives. The news of Pick’s appointment to a top position at Morgan Stanley came as a mild surprise to some, but it was strategically revealed to soften the impact, akin to how the Federal Reserve telegraphs rate hikes. Morgan Stanley declined to comment on the matter.

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