Morgan Stanley CEO James Gorman’s annual compensation package is down 10% to $31.5 million. amounted to $34.5 million).
Gorman’s compensation package includes a $1.5 million salary, a $7.5 million bonus and $22.5 million in bank stock, Bloomberg recalls.
Morgan Stanley has praised the 64-year-old Gorman’s “outstanding individual performance” in a very challenging 2022, but even maintaining “strong financial performance” has not reduced compensation.
Of course, the results of 2022 cannot be compared to the “record financial results” of 2021, when Morgan Stanley made a $15 billion profit and the bank’s shares soared 44%.
Notably, as a reward, Gorman’s compensation was later increased by 6% (versus a 10% decrease in 2022 due to the “difficult economic situation”).
Author:
Ekaterina Alipova
Source: RB
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