Morgan Stanley Lifts CEO’s Pay 32% to $45 Million for 2025 (1)

Morgan Stanley boosted Chief Executive Officer Ted Pick’s pay to $45 million in 2025 after a record year for the Wall Street firm.

Three-quarters of his bonus will be deferred over three years, and all of his deferred incentive is given through equity awards, according to a filing Wednesday. In 2024 — his first year leading the bank — Pick was awarded $34 million.

Morgan Stanley CEO Ted Pick

Photographer: Chris J. Ratcliffe/Bloomberg

Pick, 57, took charge of the bank in early 2024 after years of leading its trading operations. He was later named chairman.

Morgan Stanley posted its strongest year in 2025, with earnings per share ...