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Morgan Stanley CEO James Gorman highest paid bank exec after 22% raise - Business Insider

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Morgan Stanley posted record earnings on the year and avoided cutting jobs unlike competitors.

Morgan Stanley paid CEO James Gorman a total of $33 million in 2020, a 22% increase from the previous year, the bank said in aGorman's pay bump makes him the highest-paid chief executive of a major US bank, pushing him past JPMorgan Chase CEO Jamie Dimon, according toGorman's compensation last year included a base salary of $1.

5 million, a cash bonus of roughly $7.9 million, deferred stock awards of roughly $7.9 million, and a performance based stock award of $15.75 million that's tied to certain equity- and shareholder-return targets. last year despite the COVID-19 pandemic, as volatile markets and a rebound in mergers and listings helped fuel a reversal in Wall Street's fortunes since last March.

 

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