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        <title><![CDATA[Morgan Stanley CEO James Gorman reveals he had coronavirus]]></title>
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            <media:title type="html">Morgan Stanley CEO James Gorman reveals he had coronavirus</media:title>
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        <content:encoded><![CDATA[<p>Morgan Stanley boss James Gorman surprised his staff by disclosing in an internal video that he has won his own <strong>battle with the coronavirus</strong>.</p><p>According to sources close to the banking giant, employees were notified via email at 8 a.m. Thursday that their 61-year-old chief executive had posted a 10-minute video to Morgan Stanley’s intranet site discussing a variety of topics and providing a general update on the company’s operations.</p><p>But Gorman delivered a little news at the end of the video, announcing that he had experienced flu-like symptoms in mid-March. Despite the symptoms not being too severe, he received a test towards the end of the month which came back positive for COVID-19.</p><p>Gorman — who looked healthy in the video, according to sources who viewed it — stated that he has been asymptomatic for a few days and was cleared by his doctors last week.</p><p>A source close to the bank said Gorman&#8217;s illness wasn&#8217;t previously disclosed because he was never incapacitated during his illness and was always in control of the $850 billion megabank.</p><p>One Morgan Stanley staffer who saw the video was shocked to hear the news.</p><p>“It wasn’t something I’d heard,” said the insider. “But I guess I also haven’t been in the office much lately.”</p><p>And there are indications that Gorman has stayed at the helm of the bank throughout his illness.</p><p>On March 26, around the time that the CEO appears to have received his diagnosis, <strong>CNBC reported</strong> that Gorman sent a memo to staff meant to calm nerves as the pandemic ravaged the economy.</p><p>“While long term we can’t be sure how this will play out, we want to commit to you that there will not be a reduction in force at Morgan Stanley in 2020,” the memo reportedly stated.</p><p>Morgan Stanley stock was up 5.5 percent at $41.52 in early trading Thursday after news or Gorman’s diagnosis and recovery hit the street.</p>]]></content:encoded>
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