Morgan Stanley's (MS +2.4%) annual meeting turns into the Mayo and Gorman show as the CLSA...

|About: Morgan Stanley (MS)|By:, SA News Editor

Morgan Stanley's (MS +2.4%) annual meeting turns into the Mayo and Gorman show as the CLSA analyst is now a shareholder and able to attend. Mayo was able to pin Gorman down to 2014 Q1 as the time for reaching his goal of 10% ROE. Gorman made clear, however, the company is dependent on the Fed allowing buybacks if it wants to hit that target.