Morgan Stanley board considers next CEO while Gorman clears the decks

Reuters exclusively reported that Morgan Stanley’s (MS.N) board will focus on the selection of CEO James Gorman’s successor at its summer and fall meetings, while the outgoing boss looks to clear the decks by resolving major regulatory matters. Sources say Morgan Stanley co-presidents Ted Pick and Andy Saperstein are widely viewed as the front-runners for the top job, with Pick seen as having a slight edge.