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Morgan Stanley Lifts CEO James Gorman’s Pay 6% to $35 Million

  • Wall Street giant set another high mark for profit in 2021
  • Gorman is best-paid CEO of a major U.S. bank, edging Dimon
James Gorman
James GormanPhotographer: Simon Dawson/Bloomberg
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Morgan Stanley boosted Chief Executive Officer James Gorman’s compensation to $35 million, leaving him poised to be the best-paid major U.S. bank boss for another year. 

Morgan Stanley increased Gorman’s pay 6% for 2021, with the bank’s profitability climbing to a new high for a fourth straight year. His package includes $1.5 million in salary and a $8.38 million cash bonus, the firm said Friday in a filing. The vast majority is in the form of $25 million in long-term awards, which pay out in shares and are partially tied to return on equity and shareholder-return targets.