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He Rebuilt Morgan Stanley. Now He’s Buying Disney Stock.

He Rebuilt Morgan Stanley. Now He’s Buying Disney Stock.

James Gorman, Morgan Stanley’s former CEO, just bought a big chunk of Disney stock. On Wednesday, the day after Disney’s stock slumped, Gorman paid $2.1 million for 20,000 shares, an average price of $106.03 each. He now owns 20,467 Disney shares, according to a form Gorman filed with the Securities and Exchange Commission.