All three of Morgan Stanley’s CEO candidates are staying on in Wall Street rarity—a $20m bonus apiece might have helped

Ted Pick, CEO and co-president of Morgan Stanley, during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. (Credit: Jeenah Moon—Bloomberg -Getty Images)

It's not often the employees which lose out in a competition for a major, public promotion stay on at the company.

Instead, especially in the world of Wall Street, they're likely to jump ship and try their course somewhere else. Goldman Sachs's Harvey Schwartz, for example, left the company in 2018 when it became obvious that his co-COO David Solomon would be named CEO.