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Morgan Stanley cuts CEO Gorman's Pay 10% to $31.5 mn after turbulent 2022

The package includes $1.5 million in salary and a $7.5 million cash bonus, the firm said in a filing Friday

Steve Dickson | Bloomberg

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Morgan Stanley CEO Gorman’s Pay (Photo: Bloomberg)

2 min read Last Updated : Jan 21 2023 | 8:04 AM IST

Morgan Stanley cut Chief Executive Officer James Gorman’s compensation by 10% to $31.5 million for 2022, a year in which profit tumbled and the shares sank. The package includes $1.5 million in salary and a $7.5 million cash bonus, the firm said in a filing Friday. The vast majority is in the form of $22.5 million in equity-linked awards, which pay out in shares.