Morgan Stanley Pays Gorman $37 Million for Final Year as CEO
- Former CEO handed the reins to Ted Pick earlier this month
- The increase follows a 10% pay reduction the previous year
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Morgan Stanley increased James Gorman’s compensation 17% for his final year as chief executive officer, boosting his pay to $37 million.
Three-fourths of Gorman’s bonus will be paid in deferred stock over three years, the New York-based firm said in a regulatory filing Friday. On top of his $1.5 million base salary, he received a cash bonus of just under $9 million.