Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million
Share:
NEW YORK (Reuters) - Morgan Stanley Chief Executive James Gorman is receiving $27 million (20.75 million pounds) in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide. The board, which decides the top executives' pay, called the 61-year-old's performance in the year "outstanding" and acknowledged "the firm's strong financial performance." The bank's reported profit jumped 46% to $2.09..