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Morgan Stanley Lifts James Gorman's Pay to Record $29 Million for 2018

James Gorman

James Gorman

Photographer: Giulia Marchi/Bloomberg
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Morgan Stanley boosted Chief Executive Officer James Gorman’s compensation by 7.4 percent to $29 million for 2018.

Gorman, 60, got a $13.75 million incentive tied to achieving future targets, and $6.875 million in both cash and restricted shares, according to a regulatory filing Friday. The package, which includes his $1.5 million salary, surpasses the $27 million he was paid for 2017 as the most he’s received since taking the helm.