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Reuters Breakingviews says naming John Waldron next CEO would be orderly, but creates key-man hazard; Wall Street Journal reported the board discussed replacing David Solomon with Waldron as early as next year.
By Stephen GandelA decision to name John Waldron as the next CEO of the investment bank would be an orderly and low-key way to replace boss David Solomon. Compared with the fuzzy leadership plans of JPMorgan and Bank of America, it’s a welcome change. Yet the clarity doubles the key-man hazard.Full…