Morgan Stanley’s Gorman awarded 17% pay bump to $37 million in last year as CEO – filing

By Tatiana Bautzer

NEW YORK (Reuters) – Morgan Stanley executive chairman and former CEO James Gorman’s compensation rose 17% to $37 million for 2023, the bank said in a filing on Friday.

Gorman was paid $31.5 million in 2022. He became executive chairman on Jan. 1 when Ted Pick took over as the bank’s new CEO.

(Reporting by Tatiana Bautzer in New York)