Morningstar CEO of the Year Pete Miller of National Oilwell Varco sees sustainable drilling prospects worldwide and expects the firm to use its expertise honed in the U.S. to take advantage of a global boom.
Morgan Stanley gave Chairman and Chief Executive Officer James Gorman a compensation package for 2012 that's 30% less than his 2011 award, excluding a new incentive package, a person familiar with the decision said.
Morgan Stanley, the biggest financial brokerage, will spend $500 million to improve computer systems after flaws in a previous upgrade frustrated the staff.
Morgan Stanley, the top global equity underwriter last year, reported profit that beat analysts' estimates as brokerage earnings more than doubled and margins from that unit surpassed the firm's goal for this year.