Morgan Stanley Shareholders Approve Pay Plan, Elect Directors

Morgan Stanley shareholders approved the firm’s compensation plan with about 90 percent voting in favor.

The firm’s directors were elected with at least 96 percent votes in favor, based on a preliminary tally, the New York-based firm said Tuesday at its annual meeting in Purchase, New York.

Two shareholder proposals regarding voting rules and vesting schedules for employees who leave for government service were rejected, the company said.

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