In an interview with Vik Malhotra and Asheet Mehta, senior partners in McKinsey's New York office, James Gorman (Chinese name "Gao Wen"), chairman and CEO of Morgan Stanley and former McKinsey senior partner, shared his thoughts on reshaping financial giants strategies, the importance of corporate culture, and key executive responsibilities.
Gorman emphasized that the company should use wealth and asset management business as "ballast" to maintain business stability and growth. To strengthen the construction of company culture and realize the transformation process from development strategy to reality, the key success factor is to focus on the stability of the development curve.
In addition, Gorman said that CEOs need to select areas where development is expected to produce the greatest results and pay attention to development progress. Among the company's senior management team, Gorman values the strong abilities and cooperative spirit of each member.