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On the frontiers of capitalism, nurturing relationships with government officials is often a core competency, or even an existential imperative.

At these events, she’s demonstrated what is probably the core competency required of a Democratic nominee at the moment: coming across as sharper mentally than the current major-party candidates while delivering an easy-to-understand message about Donald Trump and J.D.

Political savvy isn’t a required core competency in the infantry.

"The expectation is that the growth of mergers and acquisitions in the next couple of years will be high and that has been Pick's core competency so we view it as a good move," said Brian Mulberry, client portfolio manager at Zacks Investment Management, which held Morgan Stanley stock in the past.

"The expectation is that the growth of mergers and acquisitions in the next couple of years will be high and that has been Pick's core competency, so we view it as a good move. He was also the likely choice adding stability and experience they have been missing as this succession discussion has been going on. This is the type of event that could see faster earning estimate revisions, and investors could move to adopt the stock."