>> reiter: well, wait a second, we were talking about taubman.asn't just limited to that moment, right? this was like... the roots of this went back years and, like, involved a lot of different aspects of the organation. >> but brandon didn't talk a lot about osuna. i mean, that... this was... i was surprised that this even came up. and i will tell you that the astros did not do things correctly in handling that situation. and i think paid the price for it, basically. >> reiter: so you wouldn't kind of draw a connection between a certain aspect of the organization's culture and that reaction either? >> well, that reaction was protecting the astros, but was a completely illogical, ridiculous reaction to have, and it was wrong. completelyrong, and it was above my pay grade. i had nothing to do with that decision, and i had to be the one to execute it, which made me look like the person that was somehow involved, even though i wasn't. >> reiter: but you were in the meetings, though, when some of these decisions were being made, right? >> there was a

you think paul taubman, who went around and instead created his own firm at agt partners.greg fleming, who has created rockefeller capital management. so, there were a lot of people at the top of that firm in this succession race for years and years, but ted paik, you heard it yourself, he had worked there since college. he has long worked at the farm -- at the firm. importantly to the previous president, so really, deeply trained in some of the things that really make morgan stanley what it is, particularly came out of the investment banking part of the world. a lot of capital markets activity. as well as institutional securities. it really as we know, morgan stanley, more recently has done a lot of its gains from its wealth management unit. in the question of what that looks like in a higher interest rate environment, james gordon had the benefit of low interest rates for the last many years. so, will this be the case that investors, wealthy clients of morgan stanley, will they be putting money to work pending on how high interest rates stay? moving out money out of cash