Morgan Stanley Boosts CEO Gorman’s Pay 6% to $35 Million (1)

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.

James Gorman

Photographer: Simon Dawson/Bloomberg

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