Klaus Kleinfeld, who recently stepped down as chief executive of Arconic Inc. , has resigned from the board of Morgan Stanley , the investment bank said in a Securities and Exchange Commission filing late Friday. Kleinfeld departed Arconic earlier in the week after he used “poor judgment” in contacting an activist investor without authorization. Morgan Stanley said the resignation from the board was effective immediately and that Kleinfeld would not be standing for re-election at the company’s annual shareholder’s meeting in May. Morgan Stanley shares were flat at $41.80 after hours.
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