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Morgan Stanley CEO James Gorman defends Elon Musk amid layoffs and chaos at Twitter - and says he's not concerned about the bank's massive loan to the Tesla exec

1 month ago   |   By Business Insider

Morgan Stanley CEO James Gorman SAUL LOEB / Getty Images
Morgan Stanley's David Gorman defended Elon Musk amid Twitter chaos on Thursday.
The bank led the $12.5 billion debt financing for Musk to acquire the social media company.
There have been layoffs and chaos around user verification at Twitter since Musk's takeover.
Morgan Stanley's chief executive James Gorman defended Elon Musk in an interview Thursday, about a month into the Tesla exec's tenure as CEO of the social media firm. "Twitter is a great company, and Elon Musk is an extraordinary executive. Very few people create global...
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