FILE PHOTO: Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. REUTERS/Yuri Gripas
NEW YORK (Reuters) - Morgan Stanley (MS.N) Chief Executive James Gorman’s overall pay rose 7 percent to $29 million last year during a period that saw the firm’s net revenues rise 5 percent to $40.1 billion, according to bank filings released on Friday.
Gorman’s total compensation included a base salary of $1.5 million plus cash bonuses of about $6.9 million, deferred equity awards of nearly $6.9 million, and a long-term incentive plan based on performance worth $13.8 million.
Reporting By Elizabeth Dilts; Editing by David Gregorio
Our Standards:The Thomson Reuters Trust Principles.Related reporting
More Business News →
High Court Blocks Oigara Bank Fraud Probe as Stanbic CEO Escapes Questioning
15 Proven Ways to Make Money Online in Kenya; No Scams!
High Court Halts Equity Bank's Takeover Bid on Swafi Foods in Landmark Ruling
