title
Morgan Stanley CEO James Gorman on The David Rubenstein Show

description
Apr.12 -- "The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business. Renowned financier and philanthropist David Rubenstein travels the country talking to leaders to uncover their stories and their path to success. The fourth episode of season two features Morgan Stanley Chief Executive Officer James Gorman.

detail
{'title': 'Morgan Stanley CEO James Gorman on The David Rubenstein Show', 'heatmap': [], 'summary': 'Morgan stanley ceo james gorman shares insights on leadership, dodd-frank, and his journey from australia to the us, highlighting a 110% market capitalization increase under his wealth management strategy, and his balanced approach to personal values and career.', 'chapters': [{'end': 80.121, 'segs': [{'end': 80.121, 'src': 'embed', 'start': 3.829, 'weight': 0, 'content': [{'end': 7.251, 'text': 'What was it like when you came here to people make crocodile Dundee jokes?', 'start': 3.829, 'duration': 3.422}, {'end': 10.612, 'text': 'People would say to me is it true, all Australians wrestle crocodiles?', 'start': 7.531, 'duration': 3.081}, {'end': 11.733, 'text': 'I say well, not all of them.', 'start': 10.672, 'duration': 1.061}, {'end': 16.395, 'text': 'Wall Street CEOs are thought to be people that throw things at the walls and scream and yell.', 'start': 12.013, 'duration': 4.382}, {'end': 20.476, 'text': "I think if you're the seventh of 12 children, you don't want to be the thrower.", 'start': 16.575, 'duration': 3.901}, {'end': 22.997, 'text': 'Are you in favor of repealing Dodd-Frank?', 'start': 20.736, 'duration': 2.261}, {'end': 24.338, 'text': "That's a terrifying thought.", 'start': 23.198, 'duration': 1.14}, {'end': 26.499, 'text': "actually to start again, because what's going to replace it?", 'start': 24.338, 'duration': 2.161}, {'end': 28.88, 'text': "The world doesn't want the large banks to be unregulated.", 'start': 26.519, 'duration': 2.361}, {'end': 31.221, 'text': "You've been the CEO seven years or so.", 'start': 29.22, 'duration': 2.001}, {'end': 32.021, 'text': "It's pretty long.", 'start': 31.281, 'duration': 0.74}, {'end': 40.439, 'text': "What are you telling me, David? Would you fix your tie, please? Well, people wouldn't recognize me if my tie was fixed, but OK.", 'start': 32.362, 'duration': 8.077}, {'end': 42.539, 'text': 'Just leave it this way.', 'start': 41.719, 'duration': 0.82}, {'end': 44.32, 'text': 'All right.', 'start': 44.08, 'duration': 0.24}, {'end': 52.661, 'text': "I don't consider myself a journalist.", 'start': 51.101, 'duration': 1.56}, {'end': 55.862, 'text': 'And nobody else would consider myself a journalist.', 'start': 53.881, 'duration': 1.981}, {'end': 62.203, 'text': 'I began to take on the life of being an interviewer, even though I have a day job running a private equity firm.', 'start': 56.602, 'duration': 5.601}, {'end': 75.578, 'text': 'How do you define leadership? What is it that makes somebody tick? James, thank you very much for doing this.', 'start': 64.991, 'duration': 10.587}, {'end': 77.339, 'text': 'Honored to be here, David.', 'start': 76.199, 'duration': 1.14}, {'end': 80.121, 'text': 'Now, you have an accent compared to me.', 'start': 77.72, 'duration': 2.401}], 'summary': 'Australian ceo discusses leadership and financial regulation with interviewer, david.', 'duration': 76.292, 'max_score': 3.829, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY3829.jpg'}], 'start': 3.829, 'title': "James' perspective", 'summary': "Explores james' perspective on leadership and dodd-frank, emphasizing his disbelief in stereotypical wall street ceo behavior and concerns about repealing dodd-frank regulations, alongside his dual role as an interviewer and private equity firm executive.", 'chapters': [{'end': 80.121, 'start': 3.829, 'title': 'Interview with james on leadership and dodd-frank', 'summary': "Explores james' perspective on leadership and dodd-frank, emphasizing his disbelief in stereotypical wall street ceo behavior and concerns about repealing dodd-frank regulations, alongside his dual role as an interviewer and private equity firm executive.", 'duration': 76.292, 'highlights': ['James expresses skepticism towards stereotypical Wall Street CEO behavior, highlighting his perspective as someone from a large family and downplaying the crocodile Dundee jokes (Relevance: 5)', "James voices concerns about repealing Dodd-Frank regulations, highlighting the potential risks of starting over and the world's desire for regulated large banks (Relevance: 4)", 'James discusses his dual role as an interviewer and private equity firm executive, highlighting his perspective on leadership and the balance between his two roles (Relevance: 3)']}], 'duration': 76.292, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY3829.jpg', 'highlights': ['James expresses skepticism towards stereotypical Wall Street CEO behavior, downplaying crocodile Dundee jokes.', 'James voices concerns about repealing Dodd-Frank regulations, highlighting potential risks of starting over.', 'James discusses his dual role as an interviewer and private equity firm executive, emphasizing his perspective on leadership and balance between roles.']}, {'end': 309.455, 'segs': [{'end': 127.056, 'src': 'embed', 'start': 99.301, 'weight': 4, 'content': [{'end': 103.364, 'text': 'So what was that like? Two passed away, so we have 10.', 'start': 99.301, 'duration': 4.063}, {'end': 106.127, 'text': 'It was actually very noisy.', 'start': 103.364, 'duration': 2.763}, {'end': 114.354, 'text': 'You, I think, learned a great deal of empathy for others,', 'start': 108.529, 'duration': 5.825}, {'end': 119.058, 'text': "because you're in an environment where something was going bad every day in our household and something was going good.", 'start': 114.354, 'duration': 4.704}, {'end': 121.789, 'text': 'What part of Australia were you growing up in? Melbourne.', 'start': 119.366, 'duration': 2.423}, {'end': 127.056, 'text': 'Melbourne. So when your parents are producing new children regularly, did you ever ask them what was going on?', 'start': 122.11, 'duration': 4.946}], 'summary': 'Growing up in melbourne, 2 passed away, 10 in household. learned empathy in noisy environment.', 'duration': 27.755, 'max_score': 99.301, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY99301.jpg'}, {'end': 186.709, 'src': 'embed', 'start': 144.784, 'weight': 0, 'content': [{'end': 148.045, 'text': 'And ironically, he counseled me my whole life, never worked for big business.', 'start': 144.784, 'duration': 3.261}, {'end': 152.126, 'text': 'You need to be independent, control your own firm, as he called it.', 'start': 149.345, 'duration': 2.781}, {'end': 162.011, 'text': 'And he was an engineer, and he set up his own practice when he had seven children at the age of 37 with no income.', 'start': 153.446, 'duration': 8.565}, {'end': 165.613, 'text': 'And obviously was successful.', 'start': 162.551, 'duration': 3.062}, {'end': 167.935, 'text': 'He was not particularly financially motivated.', 'start': 165.673, 'duration': 2.262}, {'end': 169.376, 'text': 'He was very intellectually curious.', 'start': 167.955, 'duration': 1.421}, {'end': 176.321, 'text': 'And to him, education, reading, ideas, debate were the essence of what our family functioned around.', 'start': 170.157, 'duration': 6.164}, {'end': 180.284, 'text': 'So you live here now, but you go back and see your siblings, and what do they think?', 'start': 176.341, 'duration': 3.943}, {'end': 181.985, 'text': "now that you're a famous person in the United States?", 'start': 180.284, 'duration': 1.701}, {'end': 186.709, 'text': "Do they look on all of you or they don't treat you any differently than they did when you were growing up?", 'start': 182.005, 'duration': 4.704}], 'summary': 'Father set up successful engineering practice with 7 kids and no income, emphasized independence and intellectual curiosity.', 'duration': 41.925, 'max_score': 144.784, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY144784.jpg'}, {'end': 238.308, 'src': 'embed', 'start': 211.885, 'weight': 2, 'content': [{'end': 217.762, 'text': "And in Australia they equate the tall poppy syndrome is that If you're extremely successful,", 'start': 211.885, 'duration': 5.877}, {'end': 220.522, 'text': 'you have a higher burden to be more modest and to give back more.', 'start': 217.762, 'duration': 2.76}, {'end': 223.023, 'text': "There's sort of a reverse psychology.", 'start': 220.542, 'duration': 2.481}, {'end': 223.804, 'text': "My family's great.", 'start': 223.063, 'duration': 0.741}, {'end': 225.484, 'text': "I'm very close to my siblings.", 'start': 223.844, 'duration': 1.64}, {'end': 230.006, 'text': "We always get together for dinner when I'm down there and I have a terrific time.", 'start': 226.845, 'duration': 3.161}, {'end': 233.147, 'text': "They've all been, I guess, successful in lots of different ways.", 'start': 230.046, 'duration': 3.101}, {'end': 234.747, 'text': 'One was a stand up comic for a while.', 'start': 233.267, 'duration': 1.48}, {'end': 238.308, 'text': 'One has been one of the top judges down there.', 'start': 235.787, 'duration': 2.521}], 'summary': 'In australia, tall poppy syndrome encourages successful individuals to be more modest and give back, reflecting a reverse psychology. the speaker has a close-knit, successful family with diverse achievements.', 'duration': 26.423, 'max_score': 211.885, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY211885.jpg'}], 'start': 80.662, 'title': "Growing up in a large australian family and james' career and family", 'summary': "Delves into the speaker's upbringing in a large australian family, with insights into empathy development and the impact of the father's advice. it also discusses james' family's view of success, the tall poppy syndrome in australia, and his career shift from law to business school in the united states.", 'chapters': [{'end': 169.376, 'start': 80.662, 'title': 'Growing up in a large australian family', 'summary': "Discusses the speaker's experience growing up in a large australian family of originally 12 children, with 2 passing away, in melbourne, and the impact it had on developing empathy, as well as insights into the speaker's father's advice and career.", 'duration': 88.714, 'highlights': ["The speaker grew up in a family of originally 12 children, with 2 passing away, leaving 10 children. The speaker's family originally consisted of 12 children, with 2 of them passing away, resulting in 10 surviving children.", "The speaker's father advised against working for big business and emphasized the importance of independence. The speaker's father, an engineer, advised against working for big business and encouraged independence, setting up his own practice with seven children at the age of 37 with no income, which eventually proved successful.", "The speaker's father was financially successful but motivated by intellectual curiosity rather than money. The speaker's father, despite being financially successful, was not particularly motivated by money but was driven by intellectual curiosity."]}, {'end': 309.455, 'start': 170.157, 'title': "James' career and family in australia", 'summary': "Highlights james' family's perspective on success, the tall poppy syndrome in australia, and his career transition from law to business school in the united states.", 'duration': 139.298, 'highlights': ["James discusses the 'tall poppy syndrome' in Australia, where successful individuals are expected to be modest and give back more, reflecting the cultural perspective on success (quantifiable data: cultural phenomena in Australia).", 'James describes his career transition from law to business school, expressing his interest in being closer to the decision-making process and his dissatisfaction with practicing law (quantifiable data: practiced law for four years).', "James shares about his family's successful and fulfilling lives, including one sibling who was a stand-up comic and another who was a top judge, highlighting the diverse achievements of his siblings (quantifiable data: successful siblings in different fields)."]}], 'duration': 228.793, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY80662.jpg', 'highlights': ["The speaker's father, an engineer, advised against working for big business and encouraged independence, setting up his own practice with seven children at the age of 37 with no income, which eventually proved successful.", "James shares about his family's successful and fulfilling lives, including one sibling who was a stand-up comic and another who was a top judge, highlighting the diverse achievements of his siblings (quantifiable data: successful siblings in different fields).", "James discusses the 'tall poppy syndrome' in Australia, where successful individuals are expected to be modest and give back more, reflecting the cultural perspective on success (quantifiable data: cultural phenomena in Australia).", "The speaker's father was financially successful but motivated by intellectual curiosity rather than money.", 'The speaker grew up in a family of originally 12 children, with 2 passing away, leaving 10 children.']}, {'end': 516.672, 'segs': [{'end': 395.184, 'src': 'embed', 'start': 370.157, 'weight': 0, 'content': [{'end': 379.024, 'text': 'There was a path forward and I was fortunate to get the student visas and then a green card and ultimately citizenship, which I took 12 years ago.', 'start': 370.157, 'duration': 8.867}, {'end': 380.646, 'text': 'And I felt this.', 'start': 379.725, 'duration': 0.921}, {'end': 389.653, 'text': 'you know the welcoming nature of the US economy and the people and willingness to accept people who are prepared to have a go here.', 'start': 380.646, 'duration': 9.007}, {'end': 390.534, 'text': 'I thought was just wonderful.', 'start': 389.653, 'duration': 0.881}, {'end': 395.184, 'text': 'You graduated from business school, and then you went to work for McKinsey.', 'start': 390.902, 'duration': 4.282}], 'summary': 'Obtained student visas, green card, and citizenship in the us, worked for mckinsey after graduating from business school.', 'duration': 25.027, 'max_score': 370.157, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY370157.jpg'}, {'end': 456.636, 'src': 'embed', 'start': 426.896, 'weight': 1, 'content': [{'end': 428.958, 'text': 'Merrill Lynch, is Merrill Lynch recruited you? Dave Kamansky.', 'start': 426.896, 'duration': 2.062}, {'end': 433.742, 'text': 'All right, so Dave Kamansky said you were so good as a consultant, come in and actually do the job here.', 'start': 429.018, 'duration': 4.724}, {'end': 441.168, 'text': 'And what was your job at Merrill Lynch? First job was to run marketing, and then it was to run the sales organization for the brokerage business.', 'start': 433.802, 'duration': 7.366}, {'end': 446.911, 'text': "You were doing that, and then somebody calls you from Morgan Stanley and says, well, you're doing a great job at Merrill Lynch.", 'start': 441.408, 'duration': 5.503}, {'end': 448.772, 'text': "Why don't you do even a better job and come over here?", 'start': 446.951, 'duration': 1.821}, {'end': 449.552, 'text': 'Is that how it happened??', 'start': 448.792, 'duration': 0.76}, {'end': 454.274, 'text': 'Well, they had a business that they needed fixing, and I had some expertise in that business.', 'start': 450.473, 'duration': 3.801}, {'end': 456.636, 'text': 'It actually was a very struggling business at the time.', 'start': 454.355, 'duration': 2.281}], 'summary': 'Recruited by merrill lynch, ran marketing & sales, fixed struggling business at morgan stanley.', 'duration': 29.74, 'max_score': 426.896, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY426896.jpg'}, {'end': 486.194, 'src': 'embed', 'start': 456.676, 'weight': 2, 'content': [{'end': 459.597, 'text': 'It was the old wealth management business.', 'start': 456.676, 'duration': 2.921}, {'end': 463.979, 'text': 'And John Mack called me when he got recruited back to Morgan Stanley in 2005, I think.', 'start': 459.717, 'duration': 4.262}, {'end': 470.307, 'text': 'And asked me to be part of the team, which I thought was a very exciting challenge, so I did that.', 'start': 466.025, 'duration': 4.282}, {'end': 477.95, 'text': "So when you came over to run the wealth management business, did you ever think you'd be the CEO of something like Morgan Stanley? I did not.", 'start': 470.507, 'duration': 7.443}, {'end': 481.872, 'text': 'I told John, actually, when he was interviewing me for the job.', 'start': 478.311, 'duration': 3.561}, {'end': 486.194, 'text': 'I said, we can fix this business.', 'start': 483.753, 'duration': 2.441}], 'summary': 'Recruited to run wealth management at morgan stanley in 2005, initially not expecting to become ceo.', 'duration': 29.518, 'max_score': 456.676, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY456676.jpg'}], 'start': 309.555, 'title': "An australian's journey and career in the us", 'summary': "Explores an australian's journey to the us, including obtaining a green card and citizenship after 12 years, and highlights the speaker's progression from consulting at mckinsey to leading the wealth management business at morgan stanley, showcasing impact in the financial services industry.", 'chapters': [{'end': 390.534, 'start': 309.555, 'title': "Australian's journey to the us", 'summary': "Explores an australian's journey to the us, highlighting the misconceptions about australia, the determination to succeed in the us, and the welcoming nature of the country, exemplified by obtaining a green card and citizenship after 12 years.", 'duration': 80.979, 'highlights': ['Obtained citizenship after 12 years, showcasing determination and commitment to succeed in the US.', 'Emphasized the welcoming nature of the US economy and people towards those willing to work hard and succeed.', 'Borrowed at 24% interest to come to the US, highlighting the sacrifices made to pursue success in the country.', 'Addressed misconceptions about Australians wrestling crocodiles, adding humor to the narrative.']}, {'end': 516.672, 'start': 390.902, 'title': 'Career in consulting and financial services', 'summary': "Highlights the speaker's journey from consulting at mckinsey to leading the wealth management business at morgan stanley, showcasing the progression and impact in the financial services industry.", 'duration': 125.77, 'highlights': ['The speaker transitioned from consulting at McKinsey to being recruited by Merrill Lynch to run marketing and then the sales organization for the brokerage business.', 'The speaker was later recruited by Morgan Stanley to fix the struggling wealth management business, ultimately becoming the CEO.', 'The speaker initially did not anticipate becoming the CEO of Morgan Stanley but was confident in fixing the business and foresaw the decision to either double the business or sell it in the future.']}], 'duration': 207.117, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY309555.jpg', 'highlights': ['Obtained citizenship after 12 years, showcasing determination and commitment to succeed in the US.', 'The speaker transitioned from consulting at McKinsey to being recruited by Merrill Lynch to run marketing and then the sales organization for the brokerage business.', 'The speaker was later recruited by Morgan Stanley to fix the struggling wealth management business, ultimately becoming the CEO.', 'Emphasized the welcoming nature of the US economy and people towards those willing to work hard and succeed.']}, {'end': 939.337, 'segs': [{'end': 593.34, 'src': 'embed', 'start': 530.216, 'weight': 0, 'content': [{'end': 535.861, 'text': 'but Wall Street CEOs are thought to be people that throw things at the walls and scream and yell and slam phones down.', 'start': 530.216, 'duration': 5.645}, {'end': 537.643, 'text': 'so is that image wrong?', 'start': 535.861, 'duration': 1.782}, {'end': 541.287, 'text': "or you just have succeeded, even though you're relatively low-key, or do you actually throw things as well?", 'start': 537.643, 'duration': 3.644}, {'end': 548.418, 'text': 'I mean you seem very modest and controlled in your personality.', 'start': 544.796, 'duration': 3.622}, {'end': 555.042, 'text': "Aren't you used to CEOs that are throwing things? Well, I think if you're the seventh of 12 children, you don't want to be the thrower.", 'start': 548.719, 'duration': 6.323}, {'end': 557.184, 'text': "Okay That's not going to end so well.", 'start': 555.243, 'duration': 1.941}, {'end': 563.308, 'text': 'No, I think part of it is honestly just personality, and that probably helps shape you.', 'start': 558.585, 'duration': 4.723}, {'end': 565.229, 'text': 'Your personal family obviously does.', 'start': 563.368, 'duration': 1.861}, {'end': 577.994, 'text': 'But I think these businesses have been on a 30-year transition from very tightly held private partnerships where, frankly,', 'start': 565.789, 'duration': 12.205}, {'end': 586.604, 'text': "more extreme personal behavior, taking more risk because it's your own money, et cetera, et cetera, where it's par for the course versus now.", 'start': 577.994, 'duration': 8.61}, {'end': 589.146, 'text': 'these are big global corporations.', 'start': 586.604, 'duration': 2.542}, {'end': 593.34, 'text': "You know, we're relatively small among the big banks here.", 'start': 589.997, 'duration': 3.343}], 'summary': 'Wall street ceos on 30-year transition to global corporations, emphasizing modesty and control.', 'duration': 63.124, 'max_score': 530.216, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY530216.jpg'}, {'end': 671.616, 'src': 'embed', 'start': 643.541, 'weight': 8, 'content': [{'end': 647.083, 'text': 'are expectations so high that things are inevitably going to go down.', 'start': 643.541, 'duration': 3.542}, {'end': 652.047, 'text': 'If you believe that the US economy has turned, which I do,', 'start': 647.725, 'duration': 4.322}, {'end': 660.191, 'text': "and the Federal Reserve apparently concurs and if you believe that we're destined for economic growth more like 3% than 1.5%,", 'start': 652.047, 'duration': 8.144}, {'end': 663.732, 'text': 'particularly with unemployment where it is,', 'start': 660.191, 'duration': 3.541}, {'end': 671.616, 'text': 'and if you believe that some of the policies the new administration is talking about on the economic front come through with little trade disruption,', 'start': 663.732, 'duration': 7.884}], 'summary': 'Us economy expected to grow at 3%, with low unemployment and potential policy changes.', 'duration': 28.075, 'max_score': 643.541, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY643541.jpg'}, {'end': 733.32, 'src': 'embed', 'start': 709.907, 'weight': 5, 'content': [{'end': 720.389, 'text': 'that gave rise to putting a level of risk into the financial system that turned out to be systemic risk, that led to massive failures of institutions,', 'start': 709.907, 'duration': 10.482}, {'end': 723.73, 'text': 'which led to the taxpayers having to bail out the remaining institutions.', 'start': 720.389, 'duration': 3.341}, {'end': 731.291, 'text': "It's not surprising that the public and the taxpayer would have such a negative reaction to those who caused this to happen.", 'start': 724.21, 'duration': 7.081}, {'end': 733.32, 'text': "Now it's seven, eight years later.", 'start': 731.539, 'duration': 1.781}], 'summary': 'Financial crisis led to systemic risk, massive failures, and taxpayer bailout.', 'duration': 23.413, 'max_score': 709.907, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY709907.jpg'}, {'end': 787.419, 'src': 'embed', 'start': 756.229, 'weight': 2, 'content': [{'end': 759.691, 'text': 'You gravitate towards the things that you can viscerally feel and touch.', 'start': 756.229, 'duration': 3.462}, {'end': 762.412, 'text': 'the flow of capital is not one of those things.', 'start': 760.231, 'duration': 2.181}, {'end': 766.113, 'text': "So in many folks' mind it gets back to where does it cause problems?", 'start': 762.492, 'duration': 3.621}, {'end': 769.134, 'text': "And what we haven't done as good a job of, as I said,", 'start': 766.533, 'duration': 2.601}, {'end': 780.717, 'text': 'is really articulating why capital is what takes these incredibly innovative little companies that once were as they once were, like a Facebook,', 'start': 769.134, 'duration': 11.583}, {'end': 787.419, 'text': 'like an Apple, like a Google, and creates capital to let them grow and become these incredible success stories.', 'start': 780.717, 'duration': 6.702}], 'summary': 'Capital helps innovative companies like facebook, apple, and google grow and succeed.', 'duration': 31.19, 'max_score': 756.229, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY756229.jpg'}, {'end': 852.48, 'src': 'embed', 'start': 826.729, 'weight': 3, 'content': [{'end': 834.495, 'text': 'Certain elements have definitely gone too far, but the essence of that structure, I think, has been absolutely critical,', 'start': 826.729, 'duration': 7.766}, {'end': 841.18, 'text': 'and that is the reason the US financial system is so much better shape than almost anywhere in the world.', 'start': 834.495, 'duration': 6.685}, {'end': 851.439, 'text': 'Now, are there pieces of Dodd-Frank that I clearly feel went too far, have unintended consequences, are disruptive to market liquidity.', 'start': 842.241, 'duration': 9.198}, {'end': 852.48, 'text': "There's no question about that.", 'start': 851.479, 'duration': 1.001}], 'summary': 'Us financial system in better shape than almost anywhere in the world due to the critical essence of its structure, despite certain elements going too far.', 'duration': 25.751, 'max_score': 826.729, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY826729.jpg'}, {'end': 945.68, 'src': 'embed', 'start': 914.742, 'weight': 4, 'content': [{'end': 919.865, 'text': 'You have issues around North Korea right now, Iran, the immigration crisis in Syria.', 'start': 914.742, 'duration': 5.123}, {'end': 925.249, 'text': 'There are a lot of pockets of the world that could easily engulf and consume the time of the president.', 'start': 920.485, 'duration': 4.764}, {'end': 934.235, 'text': "So I think it's critical that they be very focused on a small number of achievable goals and that the team is very coordinated,", 'start': 925.749, 'duration': 8.486}, {'end': 939.337, 'text': 'deliberate cooperative in working to get those done.', 'start': 934.235, 'duration': 5.102}, {'end': 945.68, 'text': "Now the strategy that you have employed as CEO, and since you've been CEO, I think the market capitalization is up about 110%.", 'start': 939.637, 'duration': 6.043}], 'summary': "Focusing on a small number of achievable goals is critical, with market capitalization up about 110% under the current ceo's strategy.", 'duration': 30.938, 'max_score': 914.742, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY914742.jpg'}], 'start': 516.792, 'title': 'Wall street and ceos', 'summary': 'Explores the contrast between the high-energy nature of wall street ceos and the more even-keeled approach of australians and consultants. it also discusses the evolution of wall street, impact of regulations, challenges in the us financial system, and geopolitical uncertainties facing the president of the united states.', 'chapters': [{'end': 565.229, 'start': 516.792, 'title': "Wall street ceo's personality", 'summary': "Explores the contrast between the perceived high-energy nature of wall street ceos and the more even-keeled approach of australians and consultants, with a focus on the interviewee's own modest and controlled personality shaped by being the seventh of 12 children.", 'duration': 48.437, 'highlights': ['The interviewee discusses the contrast between the high-energy stereotype of Wall Street CEOs and their own relatively low-key personality, attributing it to being the seventh of 12 children.', "The interviewee highlights the influence of personal family background in shaping one's personality and approach to leadership.", 'The conversation delves into the perception of Wall Street CEOs as individuals who throw things, scream, yell, and slam phones down, contrasting it with the more modest and controlled nature of the interviewee and other Australians and consultants.']}, {'end': 733.32, 'start': 565.789, 'title': 'The evolution of wall street', 'summary': 'Discusses the transformation of wall street from tightly held private partnerships to global corporations, the impact of regulations like dodd-frank, the state of the us economy, and the tarnished image of wall street firms due to the great recession.', 'duration': 167.531, 'highlights': ['The impact of the Great Recession on Wall Street, including the creation of synthetic products and systemic risk, led to a negative public perception and the need for taxpayer bailouts.', 'The transition of Wall Street businesses from tightly held private partnerships to big global corporations with substantial assets, a large workforce, and a global presence.', 'The discussion on regulations like Dodd-Frank and the potential consequences of its repeal, highlighting the need for regulations to prevent large banks from being unregulated.', "The outlook on the US economy, including expectations of higher growth rates, the Federal Reserve's stance, and the potential impact of new administration policies on economic growth and trade disruption.", "The CEO's acknowledgment of the tarnished image of Wall Street firms and the public's negative reaction due to their role in the Great Recession, leading to the need for taxpayer bailouts."]}, {'end': 939.337, 'start': 733.48, 'title': 'Challenges in wall street and the us financial system', 'summary': 'Highlights the challenges of attracting people to wall street and the need to articulate the importance of capital, the positive impact of dodd-frank on the us financial system, and the geopolitical uncertainties facing the president of the united states.', 'duration': 205.857, 'highlights': ['The importance of articulating the role of capital in fostering innovation and success stories for companies like Facebook, Apple, and Google. The chapter emphasizes the need to articulate the significance of capital in fostering the growth and success of innovative companies like Facebook, Apple, and Google.', 'The positive impact of Dodd-Frank on the US financial system, despite certain elements going too far and having unintended consequences. Emphasizes the positive impact of Dodd-Frank on the US financial system, acknowledging certain elements going too far and having unintended consequences.', "The need for the President's team to be very focused on a small number of achievable goals and to be coordinated, deliberate, and cooperative in addressing geopolitical uncertainties. Emphasizes the need for the President's team to be focused on achievable goals and to be coordinated, deliberate, and cooperative in addressing geopolitical uncertainties."]}], 'duration': 422.545, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY516792.jpg', 'highlights': ['The conversation delves into the perception of Wall Street CEOs as individuals who throw things, scream, yell, and slam phones down, contrasting it with the more modest and controlled nature of the interviewee and other Australians and consultants.', 'The transition of Wall Street businesses from tightly held private partnerships to big global corporations with substantial assets, a large workforce, and a global presence.', 'The importance of articulating the role of capital in fostering innovation and success stories for companies like Facebook, Apple, and Google.', 'The positive impact of Dodd-Frank on the US financial system, despite certain elements going too far and having unintended consequences.', "The need for the President's team to be very focused on a small number of achievable goals and to be coordinated, deliberate, and cooperative in addressing geopolitical uncertainties.", 'The impact of the Great Recession on Wall Street, including the creation of synthetic products and systemic risk, led to a negative public perception and the need for taxpayer bailouts.', 'The interviewee discusses the contrast between the high-energy stereotype of Wall Street CEOs and their own relatively low-key personality, attributing it to being the seventh of 12 children.', "The interviewee highlights the influence of personal family background in shaping one's personality and approach to leadership.", "The outlook on the US economy, including expectations of higher growth rates, the Federal Reserve's stance, and the potential impact of new administration policies on economic growth and trade disruption.", "The CEO's acknowledgment of the tarnished image of Wall Street firms and the public's negative reaction due to their role in the Great Recession, leading to the need for taxpayer bailouts."]}, {'end': 1153.467, 'segs': [{'end': 980.037, 'src': 'embed', 'start': 939.637, 'weight': 0, 'content': [{'end': 945.68, 'text': "Now the strategy that you have employed as CEO, and since you've been CEO, I think the market capitalization is up about 110%.", 'start': 939.637, 'duration': 6.043}, {'end': 947.06, 'text': 'So I hope you get a good bonus for that.', 'start': 945.68, 'duration': 1.38}, {'end': 947.38, 'text': 'Thank you.', 'start': 947.08, 'duration': 0.3}, {'end': 954.303, 'text': 'But your strategy has been to kind of de-risk the firm a bit and to go into wealth management a little bit more than was before.', 'start': 947.68, 'duration': 6.623}, {'end': 959.365, 'text': 'What was the reasoning behind that strategy? The analogy I used is an aircraft carrier.', 'start': 955.484, 'duration': 3.881}, {'end': 962.767, 'text': 'And the wealth management business is incredibly stable.', 'start': 960.106, 'duration': 2.661}, {'end': 968.67, 'text': 'In really bad markets, it might be down in revenues 10%.', 'start': 963.567, 'duration': 5.103}, {'end': 971.092, 'text': 'Now, in really good markets, it might be up in revenues 15.', 'start': 968.67, 'duration': 2.422}, {'end': 980.037, 'text': 'The day the wealth management business blows through the roof is the day you should be scared, right? You want it stable.', 'start': 971.092, 'duration': 8.945}], 'summary': "Ceo's strategy increased market capitalization by 110% by de-risking and focusing on stable wealth management business.", 'duration': 40.4, 'max_score': 939.637, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY939637.jpg'}, {'end': 1117.307, 'src': 'embed', 'start': 1076.729, 'weight': 4, 'content': [{'end': 1082.614, 'text': 'We sit down with my wife every year, do an annual review of our total financial situation, and we adjust accordingly.', 'start': 1076.729, 'duration': 5.885}, {'end': 1086.042, 'text': 'You told me a story recently that you went out to pick up some pizza.', 'start': 1083.459, 'duration': 2.583}, {'end': 1095.113, 'text': "When you're the CEO of Morgan Stanley, can't you get somebody to deliver the pizza to you? I don't regard the CEO thing as defining you as a person.", 'start': 1086.182, 'duration': 8.931}, {'end': 1100.28, 'text': "You have to be able to, once you're not CEO, for that not to material effect how you are as a person.", 'start': 1095.253, 'duration': 5.027}, {'end': 1117.307, 'text': "What's the greatest pleasure of being the CEO of Morgan Stanley?", 'start': 1114.184, 'duration': 3.123}], 'summary': "Annual financial review with wife, ceo's perspective on personal identity and pleasures", 'duration': 40.578, 'max_score': 1076.729, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY1076729.jpg'}], 'start': 939.637, 'title': "Ceo's wealth management strategy", 'summary': "Discusses the ceo's strategy to de-risk the firm and focus on wealth management, resulting in a 110% increase in market capitalization, and the ceo's perspective on professionalism and pleasure within the financial team.", 'chapters': [{'end': 1056.237, 'start': 939.637, 'title': 'Wealth management strategy and market capitalization', 'summary': "Discusses the ceo's strategy to de-risk the firm and focus on wealth management, resulting in a 110% increase in market capitalization, leveraging the stability of wealth management and the power of a balanced mix of businesses to attract investors and clients.", 'duration': 116.6, 'highlights': ["The CEO's strategy has led to a 110% increase in market capitalization since taking over as CEO, indicating its effectiveness in driving value for the firm.", 'The stability of wealth management is highlighted, with potential revenue fluctuations of -10% in bad markets and +15% in good markets, emphasizing its resilience and attractiveness for investors.', "The CEO emphasizes the power of a balanced mix of businesses, including wealth management and capital markets, as a compelling proposition for investors and clients, showcasing the firm's strength and stability.", 'The advice for different types of investors, such as being conservative for those with long-term illiquid assets and recommending S&P index fund for smaller investments, demonstrates a tailored approach to wealth management.', "The CEO's endorsement of a financial advisor at Morgan Stanley underscores the firm's capability in providing quality wealth management services, enhancing its reputation and trustworthiness among clients."]}, {'end': 1153.467, 'start': 1056.957, 'title': "Ceo's perspective on professionalism and pleasure", 'summary': "Discusses the professionalism of the ceo's financial team, including quarterly reports and annual reviews, as well as his perspective on the personal impact of being a ceo and the greatest pleasure he derives from the role.", 'duration': 96.51, 'highlights': ["The CEO's financial team is professional, providing quarterly reports and annual reviews, ensuring a high level of care and attention to clients' financial situations.", "The CEO reflects on the personal impact of being a CEO, emphasizing the importance of not letting the role define one's identity and character.", 'The greatest pleasure for the CEO is the enduring success and stability of the firm over the past 80 years, highlighting their ability to navigate challenges and maintain a strong reputation.']}], 'duration': 213.83, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY939637.jpg', 'highlights': ["The CEO's strategy resulted in a 110% increase in market capitalization, showcasing its effectiveness in driving firm value.", 'Wealth management demonstrates resilience with potential revenue fluctuations of -10% in bad markets and +15% in good markets, making it attractive for investors.', "The CEO emphasizes a balanced mix of businesses, including wealth management and capital markets, as a compelling proposition for investors and clients, showcasing the firm's strength and stability.", 'Tailored wealth management advice for different types of investors demonstrates a personalized approach to client needs.', "The CEO's endorsement of a financial advisor at Morgan Stanley enhances the firm's reputation and trustworthiness among clients.", "The CEO's financial team provides professional care and attention to clients' financial situations through quarterly reports and annual reviews.", "The CEO reflects on the personal impact of being a CEO, emphasizing the importance of not letting the role define one's identity and character.", 'The enduring success and stability of the firm over the past 80 years brings the greatest pleasure to the CEO, highlighting their ability to navigate challenges and maintain a strong reputation.']}, {'end': 1501.028, 'segs': [{'end': 1213.584, 'src': 'embed', 'start': 1171.888, 'weight': 0, 'content': [{'end': 1175.77, 'text': "A lot of firms do that, but that wasn't what was our core DNA.", 'start': 1171.888, 'duration': 3.882}, {'end': 1183.113, 'text': "And what we've done in the last few years is try and restore Morgan Stanley back to its core DNA, which is all about serving our clients.", 'start': 1176.17, 'duration': 6.943}, {'end': 1185.854, 'text': 'So, today, how do you spend your time?', 'start': 1183.413, 'duration': 2.441}, {'end': 1189.435, 'text': 'What percentage of your time do you spend meeting clients or prospective clients??', 'start': 1185.954, 'duration': 3.481}, {'end': 1191.937, 'text': 'Is that 10%, 15%?', 'start': 1189.515, 'duration': 2.422}, {'end': 1193.659, 'text': "No, it's more and it changes.", 'start': 1191.938, 'duration': 1.721}, {'end': 1199.74, 'text': "I think each year, I don't think, each year I sit down and write the ten things that I want to get done that year.", 'start': 1193.679, 'duration': 6.061}, {'end': 1204.241, 'text': 'And in the early years in the job, they were very much problem issues.', 'start': 1200.48, 'duration': 3.761}, {'end': 1208.462, 'text': "We owned a half built, I don't know if you remember, but we owned a half built casino in Atlantic City.", 'start': 1204.341, 'duration': 4.121}, {'end': 1211.063, 'text': 'We wrote that off.', 'start': 1209.103, 'duration': 1.96}, {'end': 1213.584, 'text': 'A lot of things that needed to get resolved.', 'start': 1211.243, 'duration': 2.341}], 'summary': 'Morgan stanley focused on restoring core dna, serving clients, resolving issues.', 'duration': 41.696, 'max_score': 1171.888, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY1171888.jpg'}, {'end': 1259.648, 'src': 'embed', 'start': 1235.761, 'weight': 2, 'content': [{'end': 1242.442, 'text': 'which we have all of our 142 new managing directors this year and their spouses and partners.', 'start': 1235.761, 'duration': 6.681}, {'end': 1244.916, 'text': "And I'll be speaking to them right after this.", 'start': 1243.155, 'duration': 1.761}, {'end': 1253.163, 'text': "So I try every day to try and do something that connects to a group of employees, whether it's summer interns or senior managing directors.", 'start': 1244.997, 'duration': 8.166}, {'end': 1257.246, 'text': "And you travel roughly what percentage of your time? I don't know, probably about a third.", 'start': 1253.523, 'duration': 3.723}, {'end': 1257.486, 'text': 'A third.', 'start': 1257.266, 'duration': 0.22}, {'end': 1259.648, 'text': "Now, you've been the CEO since 2010.", 'start': 1257.906, 'duration': 1.742}], 'summary': '142 new managing directors and partners to be addressed by ceo, who travels about a third of the time.', 'duration': 23.887, 'max_score': 1235.761, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY1235761.jpg'}, {'end': 1327.007, 'src': 'embed', 'start': 1297.022, 'weight': 5, 'content': [{'end': 1301.166, 'text': "I was more involved philanthropically than I have been the last several years, because I just haven't had the time.", 'start': 1297.022, 'duration': 4.144}, {'end': 1304.994, 'text': 'More time doing that, but probably teaching, investing.', 'start': 1301.892, 'duration': 3.102}, {'end': 1309.717, 'text': 'Okay Learn at the feet of the great like David here.', 'start': 1306.835, 'duration': 2.882}, {'end': 1312.578, 'text': "But it's a big world.", 'start': 1310.257, 'duration': 2.321}, {'end': 1313.119, 'text': "There's a lot to do.", 'start': 1312.598, 'duration': 0.521}, {'end': 1314.359, 'text': 'I want to spend more time in Australia.', 'start': 1313.139, 'duration': 1.22}, {'end': 1317.901, 'text': 'So you were very low key by Wall Street standards, I think.', 'start': 1314.599, 'duration': 3.302}, {'end': 1321.944, 'text': 'So you told me a story recently that you came back the other day and you went out to pick up some pizza.', 'start': 1318.001, 'duration': 3.943}, {'end': 1327.007, 'text': "Now, when you're the CEO of Morgan Stanley, can't you get somebody to deliver the pizza to you?", 'start': 1322.224, 'duration': 4.783}], 'summary': 'Ceo plans to spend more time in australia and be more involved philanthropically.', 'duration': 29.985, 'max_score': 1297.022, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY1297022.jpg'}, {'end': 1394.185, 'src': 'embed', 'start': 1360.788, 'weight': 4, 'content': [{'end': 1365.43, 'text': "I mean, obviously we live well, but you can't define, the job shouldn't define you.", 'start': 1360.788, 'duration': 4.642}, {'end': 1373.912, 'text': "Your job is you're CEO for a point in time, you're helping drive the vessel, and you'll get off it, and hopefully it does better after you're gone.", 'start': 1365.53, 'duration': 8.382}, {'end': 1380.014, 'text': 'Looking at the world today, if you were starting your career all over again, would you go into finance, knowing what you now know? Yep.', 'start': 1374.333, 'duration': 5.681}, {'end': 1381.955, 'text': 'When I was at law school, I had three jobs.', 'start': 1380.174, 'duration': 1.781}, {'end': 1385.153, 'text': "It's a true story.", 'start': 1384.392, 'duration': 0.761}, {'end': 1394.185, 'text': 'And one of them was I worked in a sheet metal factory, melding sheet metal together, which is incredibly difficult.', 'start': 1385.213, 'duration': 8.972}], 'summary': 'Former ceo shares insights on career, work-life balance, and career choices, including past experience in a sheet metal factory.', 'duration': 33.397, 'max_score': 1360.788, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY1360788.jpg'}, {'end': 1461.005, 'src': 'embed', 'start': 1428.368, 'weight': 6, 'content': [{'end': 1428.929, 'text': 'I love the business.', 'start': 1428.368, 'duration': 0.561}, {'end': 1429.749, 'text': 'I love the markets.', 'start': 1429.009, 'duration': 0.74}, {'end': 1430.57, 'text': 'I love the business.', 'start': 1429.809, 'duration': 0.761}, {'end': 1436.174, 'text': 'And I love working with CEOs and clients and trying to get good financial transactions done.', 'start': 1431.25, 'duration': 4.924}, {'end': 1437.295, 'text': 'Now, you have children.', 'start': 1436.394, 'duration': 0.901}, {'end': 1439.867, 'text': 'Are they in the financial markets? No.', 'start': 1437.375, 'duration': 2.492}, {'end': 1440.868, 'text': "No, they're not.", 'start': 1440.348, 'duration': 0.52}, {'end': 1451.837, 'text': "One is working in DC in a consulting business and one is still in college and she's an artist, a musician, very creative.", 'start': 1441.128, 'duration': 10.709}, {'end': 1461.005, 'text': 'So when you became the CEO of Morgan Stanley, did they treat you differently? More respect than before or no? Not really, no.', 'start': 1451.998, 'duration': 9.007}], 'summary': 'Speaker expresses love for business, markets, and working with ceos and clients. children not in financial markets; one in consulting, one in college studying art/music. no difference in treatment as ceo of morgan stanley.', 'duration': 32.637, 'max_score': 1428.368, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY1428368.jpg'}, {'end': 1501.028, 'src': 'embed', 'start': 1478.598, 'weight': 7, 'content': [{'end': 1485.592, 'text': "And hopefully some of the trappings of office and the stuff around it You've got to keep that away from your family.", 'start': 1478.598, 'duration': 6.994}, {'end': 1486.874, 'text': 'Your family is your family.', 'start': 1485.612, 'duration': 1.262}, {'end': 1489.756, 'text': "So they don't say, my dad is the CEO of Morgan Stanley.", 'start': 1486.914, 'duration': 2.842}, {'end': 1492.98, 'text': "They don't tell people that? I don't think so, no.", 'start': 1489.776, 'duration': 3.204}, {'end': 1494.181, 'text': "They're trying to build their own lives.", 'start': 1493.02, 'duration': 1.161}, {'end': 1500.427, 'text': "And, like all of us, we want for our kids to have the right level of independence, but know that you're there to support and love them,", 'start': 1494.241, 'duration': 6.186}, {'end': 1501.028, 'text': 'whatever happens.', 'start': 1500.427, 'duration': 0.601}], 'summary': 'Keep office trappings away from family; prioritize their independence and support.', 'duration': 22.43, 'max_score': 1478.598, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY1478598.jpg'}], 'start': 1153.927, 'title': "Morgan stanley's ceo", 'summary': "Discusses morgan stanley's ceo focusing on client activities, resolving internal issues, and connecting with employees, while also emphasizing the ceo's perspective on career, future plans, and personal values, including maintaining a balanced life and staying true to skills, expressing passion for finance, and highlighting a grounded approach to family and children's independence.", 'chapters': [{'end': 1257.486, 'start': 1153.927, 'title': "Morgan stanley's transformation", 'summary': "Discusses morgan stanley's transformation back to its core dna of serving clients, with the ceo focusing more on client activities and resolving internal issues, while also dedicating a significant amount of time to connect with employees.", 'duration': 103.559, 'highlights': ['The CEO has shifted the focus of Morgan Stanley back to its core DNA of serving clients, spending a significant amount of time on client activities.', 'Resolving internal issues, such as owning a half-built casino in Atlantic City, has been a key priority for the CEO, leading to more time spent on client activities.', 'The CEO dedicates a significant portion of his time to connect with employees, from summer interns to senior managing directors, emphasizing the importance of employee engagement.', "Roughly a third of the CEO's time is spent on travel, indicating the extent of his commitment to meeting clients and employees."]}, {'end': 1501.028, 'start': 1257.906, 'title': 'Life as a ceo', 'summary': "Explores the ceo's perspective on his career, future plans, and personal values, emphasizing the importance of maintaining a balanced life and staying true to one's skills; expressing a continued passion for finance despite challenges; and highlighting the ceo's grounded approach to family and his desire for his children's independence.", 'duration': 243.122, 'highlights': ["The CEO emphasizes the importance of staying true to one's skills and maintaining a balanced life, expressing a continued passion for finance despite challenges. Emphasizes the importance of staying true to one's skills; highlights the CEO's continued passion for finance despite challenges.", "The CEO expresses his grounded approach to family and his desire for his children's independence. Expresses a grounded approach to family; emphasizes the desire for his children's independence.", 'The CEO shares his future plans, including teaching, philanthropy, and spending more time in Australia. Shares future plans, including teaching, philanthropy, and spending more time in Australia.', 'The CEO discusses his early passion for finance and his love for the business, emphasizing his willingness to take risks and his enjoyment of working with CEOs and clients. Discusses early passion for finance and love for the business; emphasizes willingness to take risks and enjoyment of working with CEOs and clients.']}], 'duration': 347.101, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/HgriDjXOpXY/pics/HgriDjXOpXY1153927.jpg', 'highlights': ['The CEO has shifted the focus of Morgan Stanley back to its core DNA of serving clients, spending a significant amount of time on client activities.', 'Resolving internal issues, such as owning a half-built casino in Atlantic City, has been a key priority for the CEO, leading to more time spent on client activities.', "Roughly a third of the CEO's time is spent on travel, indicating the extent of his commitment to meeting clients and employees.", 'The CEO dedicates a significant portion of his time to connect with employees, from summer interns to senior managing directors, emphasizing the importance of employee engagement.', "The CEO emphasizes the importance of staying true to one's skills and maintaining a balanced life, expressing a continued passion for finance despite challenges.", 'The CEO shares his future plans, including teaching, philanthropy, and spending more time in Australia.', 'The CEO discusses his early passion for finance and his love for the business, emphasizing his willingness to take risks and his enjoyment of working with CEOs and clients.', "The CEO expresses his grounded approach to family and his desire for his children's independence."]}], 'highlights': ["The CEO's strategy resulted in a 110% increase in market capitalization, showcasing its effectiveness in driving firm value.", 'Wealth management demonstrates resilience with potential revenue fluctuations of -10% in bad markets and +15% in good markets, making it attractive for investors.', "The CEO emphasizes a balanced mix of businesses, including wealth management and capital markets, as a compelling proposition for investors and clients, showcasing the firm's strength and stability.", 'Tailored wealth management advice for different types of investors demonstrates a personalized approach to client needs.', "The CEO's endorsement of a financial advisor at Morgan Stanley enhances the firm's reputation and trustworthiness among clients.", "The CEO's financial team provides professional care and attention to clients' financial situations through quarterly reports and annual reviews.", "The CEO reflects on the personal impact of being a CEO, emphasizing the importance of not letting the role define one's identity and character.", 'The enduring success and stability of the firm over the past 80 years brings the greatest pleasure to the CEO, highlighting their ability to navigate challenges and maintain a strong reputation.', "The speaker's father, an engineer, advised against working for big business and encouraged independence, setting up his own practice with seven children at the age of 37 with no income, which eventually proved successful.", "James shares about his family's successful and fulfilling lives, including one sibling who was a stand-up comic and another who was a top judge, highlighting the diverse achievements of his siblings (quantifiable data: successful siblings in different fields).", "James discusses the 'tall poppy syndrome' in Australia, where successful individuals are expected to be modest and give back more, reflecting the cultural perspective on success (quantifiable data: cultural phenomena in Australia).", "The speaker's father was financially successful but motivated by intellectual curiosity rather than money.", 'The speaker grew up in a family of originally 12 children, with 2 passing away, leaving 10 children.', 'Obtained citizenship after 12 years, showcasing determination and commitment to succeed in the US.', 'The speaker transitioned from consulting at McKinsey to being recruited by Merrill Lynch to run marketing and then the sales organization for the brokerage business.', 'The speaker was later recruited by Morgan Stanley to fix the struggling wealth management business, ultimately becoming the CEO.', 'Emphasized the welcoming nature of the US economy and people towards those willing to work hard and succeed.', 'The conversation delves into the perception of Wall Street CEOs as individuals who throw things, scream, yell, and slam phones down, contrasting it with the more modest and controlled nature of the interviewee and other Australians and consultants.', 'The transition of Wall Street businesses from tightly held private partnerships to big global corporations with substantial assets, a large workforce, and a global presence.', 'The importance of articulating the role of capital in fostering innovation and success stories for companies like Facebook, Apple, and Google.', 'The positive impact of Dodd-Frank on the US financial system, despite certain elements going too far and having unintended consequences.', "The need for the President's team to be very focused on a small number of achievable goals and to be coordinated, deliberate, and cooperative in addressing geopolitical uncertainties.", 'The impact of the Great Recession on Wall Street, including the creation of synthetic products and systemic risk, led to a negative public perception and the need for taxpayer bailouts.', 'The interviewee discusses the contrast between the high-energy stereotype of Wall Street CEOs and their own relatively low-key personality, attributing it to being the seventh of 12 children.', "The interviewee highlights the influence of personal family background in shaping one's personality and approach to leadership.", "The outlook on the US economy, including expectations of higher growth rates, the Federal Reserve's stance, and the potential impact of new administration policies on economic growth and trade disruption.", "The CEO's acknowledgment of the tarnished image of Wall Street firms and the public's negative reaction due to their role in the Great Recession, leading to the need for taxpayer bailouts.", 'The CEO has shifted the focus of Morgan Stanley back to its core DNA of serving clients, spending a significant amount of time on client activities.', 'Resolving internal issues, such as owning a half-built casino in Atlantic City, has been a key priority for the CEO, leading to more time spent on client activities.', "Roughly a third of the CEO's time is spent on travel, indicating the extent of his commitment to meeting clients and employees.", 'The CEO dedicates a significant portion of his time to connect with employees, from summer interns to senior managing directors, emphasizing the importance of employee engagement.', "The CEO emphasizes the importance of staying true to one's skills and maintaining a balanced life, expressing a continued passion for finance despite challenges.", 'The CEO shares his future plans, including teaching, philanthropy, and spending more time in Australia.', 'The CEO discusses his early passion for finance and his love for the business, emphasizing his willingness to take risks and his enjoyment of working with CEOs and clients.', "The CEO expresses his grounded approach to family and his desire for his children's independence."]}