Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million

NEW YORK (Reuters) - Morgan Stanley (MS.N) said on Friday that its board lowered Chief Executive Officer James Gorman’s total compensation for 2019 to $27 million, from $29 million in 2018, according to regulatory filings.

Gorman’s compensation is comprised of four parts: a base salary of $1.5 million; a cash bonus of $6.375 million; a deferred equity award of $6.375 million; and a performance-vested equity award of $12.75 million.

The board again required that 75% of Gorman’s incentive compensation be deferred over three years subject to a claw-back, and for all of that compensation to be paid in the form of equity in the company.

Reporting by Elizabeth Dilts Marshall; Editing by Leslie Adler

Our Standards:The Thomson Reuters Trust Principles.
Reuters, 18 Jan, 2020

More Business & Finance News

Teck pulls application for C$20.6 billion Frontier project, to take writedown

View detail

Shares drop, gold surges as investors scurry for safety

View detail

Oil prices skid on demand concerns as virus spreads globally

View detail

Shares drop, gold surges as coronavirus fears trigger flight for safety

View detail

Exclusive: If Lebanon needs financial aid, France will be there, finmin says

View detail

Disclaimer: All information on this page are taken from third party reliable sources of relevant industry channels, with simple aim just for general information for our users. Hamariweb never endorse or recommend for any trading advice as well as accuracy of data provided here.