Compensation - Morgan Stanley Duo Do OK

Morgan Stanley HQ

Morgan Stanley gave Colm Kelleher and Greg Fleming, the leaders of its two businesses, compensation packages of $8.6m each for 2012, a decline of 7% from a year earlier.

Bloomberg reports that Kelleher, president of the investment banking and trading division, received $2.41m of deferred cash in addition to $2.41m of options, the firm said in a filing.

Fleming, who runs the brokerage and asset-management unit, was awarded $2.43m of deferred cash and $2.43m of options. Both men got a $3m long-term incentive award in addition to their salaries.

Kelleher, 55, won out over rival Paul J. Taubman to lead the investment bank, and met goals for reducing risk-weighted assets in fixed-income trading a year ahead of schedule. Fleming, 50, boosted the brokerage’s profit margin in the fourth quarter above his target for the middle of 2013.

'I am proud of the work we have done to lay a strong foundation for Morgan Stanley’s future', Morgan Stanley CEO James Gorman wrote in his annual letter to shareholders. 'While we sometimes wish that markets were faster to recognize our progress, we are pleased that equity investors appear to have taken notice of our momentum'.

Hit the link below to access the complete Bloomberg article:

Morgan Stanley Pays Kelleher, Fleming $8.6 Million Each for 2012

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