CNBC capital markets editor Gary Kaminsky is leaving the business news network for a job at Morgan Stanley, reports Charles Gasparino of Fox Business Network.
Gasparino writes, “Kaminsky left Neuberger — then a unit of Lehman Brothers — just months before the financial crisis led to the firm’s September 2008 bankruptcy. He is regarded as one of Wall Street’s top money managers focusing on financial shares, and he had been a critic of Lehman’s risk taking that ultimately doomed the company.
“After Lehman’s collapse, Neuberger remained an independent company, and Kaminsky had to adhere to a two-year non-compete clause in his contract, which prompted his move to CNBC. His outspoken views at the news channel often rankled some top business executives, including billionaire investor Warren Buffett.
“CNBC recently issued an apology for some comments Kaminsky made about Buffett’s investment strategy.
“Kaminsky has been weighing a move back to Wall Street for some time, and has fielded offers from large money management firms and hedge funds, according to people with knowledge of the matter. He has been in discussions with Morgan Stanley for about six weeks, these people say.”
