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World Economic Forum 2014: Overheard in Davos

By Bloomberg Briefs - 2014-01-22T18:19:25Z

Photograph by Simon Dawson/Bloomberg

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James Gorman

The World Economic Forum set the groundwork for the discussion by identifying income inequality as the most likely of 31 potential risks to threaten global prosperity in the coming decade. “It’s not a business issue,” Morgan Stanley CEO James Gorman told Bloomberg Television. “This is a moral and society issue. Businesses work on behalf of their shareholders with proper governance, regulated by a regulator. This is a broader society issue.” Gorman added his voice to calls for the minimum wage to be raised in the U.S.