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Morgan Stanley board lifts CEO Gorman's pay to $35 million

Since taking over a decade ago, the 63-year-old CEO has transformed Morgan Stanley from a Wall Street firm focused on a money-losing trading businesses into a more balanced bank

Morgan Stanley
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Morgan Stanley | Photo: Bloomberg

Reuters
Morgan Stanley Chief Executive Officer James Gorman will get a 6% raise in annual pay, bringing his total compensation for 2021 to $35 million, the bank said on Friday.

Gorman's total compensation will include an annual base salary of $1.5 million, a cash bonus of $8.38 million, a deferred equity award of $5.03 million and a performance-based equity award of $20.1 million, according to a regulatory filing.

On Thursday, the board of JPMorgan Chase & Co gave a 9.5% raise to CEO Jamie Dimon, bringing his total compensation for 2021 to $34.5 million.

Since taking over a decade ago, the 63-year-old CEO has

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First Published: Jan 22 2022 | 3:01 PM IST

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