Skip to content
Subscriber Only
Markets
Markets Magazine

Inside Wall Street’s Most Enduring Rivalry

The CEOs of Morgan Stanley and Goldman Sachs, James Gorman and Lloyd Blankfein, are leading their firms in opposite directions.

The CEOs of Morgan Stanley and Goldman Sachs, James Gorman and Lloyd Blankfein, are leading their firms in opposite directions.

Illustration: Nigel Buchanan/Bloomberg Markets
From

One grew up in Brooklyn public housing, the son of a postal worker, and shared a bedroom with his grandmother. The other was born half a world away, in Australia, the son of an engineer and the sixth of 10 children in a comfortable Melbourne household.

One was a tax attorney who became a precious metals salesman. The other spent years at McKinsey & Co. before going into banking. One is short, bearded, and has a joke for every occasion. The other is tall, cleanshaven, and matter-of-fact.