Morgan Stanley Chairman/CEO James Gorman: '100 Percent Within Rules' For Facebook IPO
Speaking at a weekly strategy meeting that was webcast to employees, Morgan Stanley Chairman and Chief Executive Officer James Gorman addressed allegations of improper conduct prior to Facebook’s initial public offering, saying that the company worked “100 percent within the rules.”
Speaking at a weekly strategy meeting that was webcast to employees, Morgan Stanley Chairman and Chief Executive Officer James Gorman addressed allegations of improper conduct prior to Facebook’s initial public offering, saying that the company worked “100 percent within the rules.”
MarketWatch reported that Gorman called “speculation of nefarious activity” untrue, saying that he was not “aware of any dissent” among the underwriters and calling Facebook’s plunge of nearly $10 per share from its $38 IPO price “disappointing.”
Gorman
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