Morgan Stanley boss gets relatively small stock bonus

Morgan Stanley’s chief executive, James Gorman, is receiving a $4.4 million stock bonus for 2014 in addition to his $1.5 million salary.

The New York Times reports that the bonus was disclosed in a regulatory filing on Friday that did not provide Gorman’s total compensation for 2014. In addition to the stock bonus, Gorman will most likely also receive a cash bonus and another stock bonus tied to the bank’s future performance.

In 2013, Gorman’s total compensation was $18 million, nearly double what he received the year before. It was, though, less than the pay packages given to the chief executives at his biggest competitors, Goldman Sachs and JPMorgan Chase.

Hit the link below to access the complete New York Times article:

Gorman at Morgan Stanley to Receive $4.4 Million Stock Bonus

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