Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments

Morgan Stanley Shareholder Meeting Interrupted By The 99% Spring Protest Group

Quicklink submitted By       Message Amanda Lang     Permalink
Related Topic(s): ; ; , Add Tags

View Ratings | Rate It

opednews.com

Author 5
Become a Fan
  (9 fans)
Replace Insecure http://i.huffpost.com/gen/607194/thumbs/r-MORGAN-STANLEY-large570.jpg
Copyrighted Image? DMCA
Anti-Wall Street protesters upstaged Morgan Stanley's annual meeting on Tuesday, lobbing tough questions at Chairman and Chief Executive James Gorman and shouting negative comments over a bank official who was attempting to read a tally of shareholder votes.

The 53-year-old CEO kept his cool through the meeting, but took protesters to task after one accused him and the board of directors of "immoral" and "unethical" practices. Among protesters' complaints were the bank's high pay packages, job cuts and financial reform lobbying efforts.

"I take umbrage at the suggestion that our board did anything unethical and I can't just let that sit out there," said Gorman.

He went on to say that although some of Morgan Stanley's business practices, including mortgage servicing, had been poor in the past, "I don't regard those as immoral or unethical."

Read the rest of the story HERE:

At www.huffingtonpost.com

- Advertisement -
- Advertisement -