Out of a job, not ready for golf: the rise of the portfolio career
Today’s public company chief executives and top leaders simply do not last as long in their jobs as they once did, so there are more unemployed high-flyers keen for work.
When James Gorman leaves Morgan Stanley this year he will join a growing number of departing top executives opting to put together a smorgasbord of director, consulting and mentoring roles, rather than take on another full-time position or retire entirely.
Gorman, the bank’s former chief executive, will complete a transitional year as executive chair in December. He has already taken a spot on the Disney board, chairs the Columbia Business School board of overseers, and will probably accept other positions.
Financial Times
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