and then about 12 or 14 years after james gorman started working for his father, he left town, went to new york city, got into texaco oil, made another fortune on his own. so the question is, what happened? that is really hard to find out. there are just little hints in papers and documents and in some of the children's letters. they kind of indicates some perhaps -- james gorman perhaps got frustrated that his dad did not let it go and let him take over. perhaps there was animosity between he and his younger brother lewis. we do not know for sure. it is one of those we wish we knew more, but we do not. it is fascinating that all happened. then lewis ended up taking over all of the businesses and running thigs from then on -- running things from then on. it is one of those intriguing family things that you wish they were alive and you could begin and see what happened. >> this organ was a last-minute addition to the house. it was not in the original blueprints. the designers came and recommended that he put in a pie organ. -- a pipe organ. it was a high-end amenity that the wealthy wer

or 14 yearsut 12 after james gorman started working for his father, he left , got went to new york city into texaco oil, made another fortune on his own. so the question is, what happened? >that is really hard to find ou. hints in just little papers and documents and in some of the children's letters. they kind of indicates some gorman perhapss got frustrated that his dad did not let it go and let him take over. animosityere was between he and his younger brother lewis. we do not know for sure. it is one of those we wish we knew more, but we do not. it is fascinating that all happened. up taking overd all of the businesses and on --g things from then running things from then on. those intriguing family things that you wish they were alive and you could begin and see what happened. >> this organ was a last-minute addition to the house. it was not in the original

. >> i know you praised james gorman, the ceo of morgan stanley, for saying that people do get paid tooh. >> he is not fixing them. this leadership, in my opinion, needs to come from lloyd blankfein at goldman sachs. he is still the undisputed leader of wall street at goldman. if he does something, if he changes the compensation system on wall street, arrest of wall street will inevitably have to follow along. he is not doing that. >> let's get a quote here from mr. cohan's epistle to wall street. what about mr. blank fine, the 's chief executive. i would agree with that. this is a guy with real reach across trading and that kind of psychology. what could he do? >> what he could do is tie the compensation and the net worth of the top 500 or so people at goldman sachs -- put that on the line. if something goes wrong at goldman sachs, those people lose their entire net worth like they used to when it was a private partnership. he could do that. >> describe the relationship of the new york fed to wall street. is it like the new york fed is a hallway monitor or a school prefect? >> no. it s

the institutional side or the wealth management side, the lessons going on every single day of james gormanut focusing on the client first, that type of a culture is very different than what took place six years ago and seven years ago when we both know that the institutions trading their capital, shareholder capital in a sense against clients many days and many weeks. >> good to hear from you, gary. thank you for joining us. >> you got it, guys. >> from morgan stanley wealth management. september 9th then david. >> what's that? >> march 9th. >> march 10th actually. >> david faber's birthday, march 10th. >> thank you. >>> pirates move east. why it's no longer somalia we singapore to be watching. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find

gorman. >> douglas allen gowell. >> yuji goya. >> jon richard grabowski. >> edwin graph iii. >> lauren grantto. >> james michael gray. >> tara mcclouday. >> john m.grazioso. >> timmy george grazioso. >> derrick ar they are green. >> wade b. green. >> wanda green. >> elaine mira greenberg. >> donald freeman green. >> gail r. green. >> james arthur greenleaf jr. >> my uncle and my aunt angela rigario. we love you and hope to see you soon. >> we love you and miss you so much. >> ilene marcia greenstein. >> elizabeth martin gregg. >> denise gregory. >> donald gregory. >> florence gregory. >> pedro grehan. >> john michael griffin. >> tewanna griffin. >> joan donna griffith. >> warren grifka. >> ramon grijalvo. >> joseph grillo. >> david joseph grimner. >> frances grow began. >> joseph grzelak. >> robert joseph gschaar. >> limbing gu. >> joe say guadalupe. >> cindy zhu guan. >> jeffrey guja. >> joseph gullickson. >> douglas brian gurian. >> philadelphia lip. the guza. >> barbara guzzardo. >> angela lynne has beenerman. >> phillip hanetzler. >> karen his i beth hagerty. >> mary lou hague. >> danny, your goodness lives on in your children.

gorman. >> douglas allen gowell. >> yuji goya. >> jon richard grabowski. >> edwin graph iii. >> lauren grantto. >> james michael gray. >> tara mccloudgray. >> john m.grazioso. >> timmy george grazioso. >> derrick ar they are green. >> wade b. green. >> wanda green. >> elaine mira greenberg. >> donald freeman green. >> gail r. green. >> james arthur greenleaf jr. >> my uncle and my aunt angela rigario. we love you and hope to see you soon. >> we love you and miss you so much. >> ilene marcia greenstein. >> elizabeth martin gregg. >> denise gregory. >> donald gregory. >> florence gregory. >> pedro grehan. >> john michael griffin. >> tewanna griffin. >> joan donna griffith. >> warren grifka. >> ramon grijalvo. >> joseph grillo. >> david joseph grimner. >> frances grow began. >> joseph grzelak. >> robert joseph gschaar. >> limbing gu. >> joe say guadalupe. >> cindy zhu guan. >> jeffrey guja. >> joseph gullickson. >> douglas brian gurian. >> philadelphia lip. the guza. >> barbara guzzardo. >> angela lynne has beenerman. >> phillip hanetzler. >> karen his i beth hagerty. >> mary lou hague. >> danny, your goodness lives on in your children