Categories: OLD Media Moves

CNBC’s Kaminsky leaving for Morgan Stanley

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.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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