Yes. John Mack doesn't want to be the chief executive of Morgan Stanley any more, so James Gorman will replace him.
Hopefully, this will be good for the future development of mystical capitalism at the bank. Mr Mack didn't bring enough financial shamans into Morgan Stanley for my liking. I don't know too much about Mr Gorman, but Arthur Simmons has told me that he has seen this character burning in the desert on more than one occasion. This could be the start of something very exciting.