Finance
Morgan Stanley Pays CEO Ted Pick $34 Million in First Year Leading Bank
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Morgan Stanley paid Chief Executive Officer Ted Pick $34 million for his first year leading the bank.
The firm said in a regulatory filing that 75% of Pick’s bonus will be deferred over three years and is subject to cancellation, while all of his deferred bonus will be in the form of equity awards. Pick’s pay as CEO compares with $44 million for 2023, which included a $20 million special bonus amid the company’s leadership transition.