Morgan Stanley CEO James Gorman To Worried Facebook Buyers: ‘We Are On Day Eight Here’

[![][1]][2]Morgan Stanley Chairman and Chief Executive Officer [James Gorman][3] appeared on CNBC's "[Closing Bell with Maria Bartiromo][4]" Thursday afternoon, reiterating that his company did nothing [improper][5][][6] in the run-up to Facebook's [initial public offering][7] and urging patience with the social network's [slumping stock][8], saying, "The story isn't over. Again, we are at day eight here. Give this a little bit of time."

[continued…][9]

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[1]: http://allfacebook.com/files/2012/06/JamesGorman2.jpg (JamesGorman2)
[2]: http://allfacebook.com/files/2012/06/JamesGorman2.jpg
[3]: http://allfacebook.com/morgan-stanley-gorman-ipo_b90342 (Morgan Stanley Chairman/CEO James Gorman: '100 Percent Within Rules' For Facebook IPO)
[4]: http://allfacebook.com/38-per-share_b89263 (Facebook IPO Priced At $38 Per Share)
[5]: http://allfacebook.com/capital-research-ipo-allegations_b89909 (Allegations Continue To Mar Facebook IPO)
[6]: http://allfacebook.com/capital-research-ipo-allegations_b89909
[7]: http://allfacebook.com/mary-meeker-d10_b90368 (Mary Meeker: Facebook IPO A 'Financial Tsunami')
[8]: http://allfacebook.com/options-trading-stock-slumps_b90262 (Options Trading In Facebook Shares Begins On Day Stock Reaches New Low)
[9]: http://allfacebook.com/james-gorman-cnbc-maria-bartiromo_b90571#more-90571
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