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Stock impact report

UPDATE 1-Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million [Reuters]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Reuters
Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million NEW YORK (Reuters) - Morgan Stanley ( MS.N ) Chief Executive James Gorman is receiving $27 million in total compensation in 2019, 7% less than what he got the year before, the company said in a filing on Friday, reflecting a reduction of bonuses staff-wide. The board called the 61-year-old’s performance in the year “outstanding” and acknowledged “the firm’s strong financial performance.” The bank said in its fourth quarter earnings on Thursday that it was lowering 2019 bonuses staff-wide in an effort to offset a 7% increase in other compensation expenses, however. Morgan Stanley paid $172 million in severance packages to terminated employees, many of whom worked at the investment bank and trading business, according to the firm’s fourth quarter earnings report. The bank said in December that it would cut about 1,500 employees, or roughly 2% of its global workforce. The bank’s overall reported profit jumped 46% to $2. Show less Read more
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