Forever CEOs | Why some leaders are bucking the 'quickfire boss' trend

Morgan Stanley’s chief executive James Gorman said he had no plans to step down anytime soon — but that he has no intention of staying in the job forever.

As reported by the Financial Times, the 63-year-old told the banking giant’s annual shareholders meeting that “retire we all must do eventually, or die in our seats, which I have no intention of doing”, when asked if he planned to hang up his boots in the near future.

Gorman has been at the helm of Morgan Stanley since 2010, and for many listening to his comments, they gained insight into the Wall Street behemoth’s succession plan, which appears to embracing a “forever CEO” approach, in contrast to corporate America’s lean towards shorter leadership tenures.

As the FT highlights, Gorman’s resolution to stay in the job for as long as possible is similar to rhat of JPMorgan Chase’s long-serving boss Jamie Dimon, who last year remarked that he planned to stay at the bank “till the day I die”.