Morgan Stanley CEO Pushes 'Fiscal Cliff' Bipartisanship As Bank Lobbies For Tax Breaks [1]

Huffington Post, Ben Hallman Posted: 11/28/2012 4:37 pm EST Updated: 11/28/2012 4:39 pm EST

James Gorman, Morgan Stanley's chief executive, wrote a note to his 16,000 employees this week to urge them to pressure their elected congressional representatives to pursue a compromise to avert the looming financial budgetary crisis known as the "fiscal cliff."

But even as he called for a "balanced solution," lobbyists who represent Gorman's bank were fighting to preserve an exemption that allows the company to enjoy a lucrative tax break unavailable to most Americans.

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