Morgan Stanley
Morgan Stanley Announces New CEO Compensation and CEO Departure
Summary
Morgan Stanley announced that James P. Gorman, who stepped down as CEO at the end of 2023, received a total compensation of $37 million for 2023. The Compensation Committee set the 2023 compensation based on Gorman's performance, which included achieving a total shareholder return of 14% and a premium valuation relative to core banking peers. The Firm also announced a new annual base salary of $1.5 million for Mr. Pick, effective retroactively from January 1, 2024, who became CEO as of January 1, 2024.
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About Morgan Stanley
Morgan Stanley is a multinational financial services company primarily recognized for its robust capabilities in investment banking, securities, wealth management, and investment management. As a leading player in the financial sector, it provides services to corporations, governments, institutions, and individuals worldwide. Morgan Stanley plays a pivotal role in structuring complex financial transactions and offers strategic advisory services on mergers and acquisitions, capital raising, and risk management. Moreover, its wealth management division provides tailored financial solutions and investment strategies for high-net-worth clients. This comprehensive approach, coupled with a strong global presence, enables Morgan Stanley to adapt to various economic environments, assisting clients in achieving their financial objectives. Founded in 1935 and headquartered in New York City, Morgan Stanley has established itself as a significant force shaping global financial strategies and capital markets.
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