Morgan Stanley Pays CEO Pick $34 Million in First Year Atop Firm

Morgan Stanley paid Chief Executive Officer Ted Pick $34 million for his first year leading the bank.

The firm said in a regulatory filing that 75% of Pick’s bonus will be deferred over three years and is subject to cancellation, while all of his deferred bonus will be in the form of equity awards. Pick’s pay as CEO compares with $44 million for 2023, which included a $20 million special bonus amid the company’s leadership transition.

Ted Pick

Photographer: Paul Yeung/Bloomberg

“The compensation committee based its decision of Mr. Pick’s 2024 compensation on its assessment of his outstanding performance, including the successful completion of ...