Deals
Morgan Stanley’s Teflon Banker Chases Next Deal After Uber
- Michael Grimes has army of brokers, wealth managers to lean on
- Silicon Valley’s upcoming trophies: IPOs for Airbnb, Palantir
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Michael Grimes, Wall Street’s Silicon Valley whisperer, appeared headed for a comeuppance.
It was 2012 and the humiliating stock-market debut of Facebook Inc. was spawning investor losses and lawsuits. That left Grimes -- the offering’s architect and Morgan Stanley’s premier banker -- a wounded man in the eyes of competitors. Pieces of his franchise, some thought, would soon be theirs.