(Bloomberg) -- Ahmad Atwan, a former Morgan Stanley managing director, has founded VC Fuel to make wagers on clean energy and infrastructure.Houston-based VC Fuel will bet on companies that help drive the transition to lower-carbon energy, such as renewable fuels, hydrogen, electric vehicles, carbon capture and storage, clean agriculture and sustainable manufacturing, among other areas. It’ll also invest in related infrastructure, Atwan said in an emailed statement.VC Fuel plans to raise $100 mi
Morgan Stanley's chief executive officer said on Monday that if most employees are not back to work at the bank's Manhattan headquarters in September, he will be "very disappointed." "If you want to get paid in New York, you need to be in New York," CEO James Gorman, speaking from the bank's offices at 1585 Broadway, told analysts and investors during a virtual conference. Like the rest of Wall Street, most of Morgan Stanley's nearly 70,000 employees worked remotely during the pandemic.
(Bloomberg) -- The story at Morgan Stanley goes like this: Gary Cohn, then president of arch-rival Goldman Sachs, boasted he wanted to crush Morgan Stanley like a cockroach.When Ted Pick heard that, he erupted. In one of his signature blue-streaked tirades, he ordered troops on his Morgan Stanley trading floor to stick it to Goldman.That episode might seem like a footnote in the long rivalry between those two storied firms, but for Pick, it now looks like something more.At 52, he’s in the runnin