Morgan Stanley CEO Says He Has Recovered from Coronavirus
Morgan Stanley Chairman and Chief Executive James Gorman was diagnosed with coronavirus around three weeks ago and has made a full recovery while working at home, the company said Thursday.
An person familiar with the matter said the firm was not aware of other members of senior management who have been diagnosed with Covid-19.
The effects of the illness on Gorman were not severe enough to impair his ability to oversee daily affairs while working from home, a company spokesman said, explaining why disclosure of it as a material event to shareholders was not necessary.
Morgan Stanley has encouraged its 15,500 advisors to work remotely. In mid-March, it issued security tokens to client associates and other retail brokerage team members that allow secure access to workstations from remote locations.
Shares of Morgan Stanley were up $1.79, or 4.6%, in late morning trading Thursday on the New York Stock Exchange.