In regards to the criticism of banks for causing the economic crash of 2008, he stressed that other parties like governments, private enterprises, and citizens were also responsible in the crash. As the global emerging markets have been developing, its instability has caused a round of doubts. Mr. Gorman claimed that the high risk was part of investing in emerging markets. And it is also the same case with China. With China becoming the largest economy in the world, Mr. Gorman said that China “must be treated seriously”. However, the slow-down of China’s economic growth rate, following the super high growth of the past decades, has also raised tension among many people. Mr. Gorman defined this current situation as a transition period, during which the consistency of China’s economy should be paid particular attention to. He is looking forward to future opportunities in China and Asia.
Questions raised by the students included the company’s support for start-ups, threats to traditional business forms brought by ever developing Internet business, compulsory requirements for Morgan Stanley’s applicants, as well as others questions. Near the end of the interview, Mr. Gorman mentioned the big challenges for Morgan Stanley and himself for running the corporation. Then he showed the confidence to take on the responsibility of Morgan Stanley to respect their employees and help more people do a better job.
Written by: Liu Xiya
Edited by: Li Ruoxue
