logo
Share SHARE
FONT-SIZE Plus   Neg

Morgan Stanley CEO Gorman's 2011 Compensation Falls - Quick Facts

Morgan Stanley (MS) said Thursday that its president and CEO James Gorman's compensation for 2011 declined from 2010, reflecting the fact that the company did not fully meet certain financial priorities for the year.

Gorman received $12.98 million in total compensation compared to $15.19 million in 2010 and $6.5 million in 2009. His base salary in 2011 was unchanged from 2010.

"Despite the Company's improved performance and the progress achieved in executing its strategy in 2011 under his leadership, Mr. Gorman's compensation for 2011 was 25% below the level of 2010, reflecting the fact that the Company did not fully meet certain financial priorities for the year," the company said.

CFO Ruth Porat's compensation fell to $11.4 million from $11.71 million with base salary remaining unchanged.

Compensation for the remaining members of the operating committee was also down significantly on average from 2010 levels, Morgan Stanley noted.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apparel retailer Guess? Inc. (GES) on Wednesday reported an increase in profit for the second quarter, despite lower-than-expected revenues reflecting a one-time gain. Earnings for the quarter easily trumped Wall Street estimates, sending the company's stock up over 14 percent in extended hours. Guess'... HP Inc. (HPQ) on Wednesday reported a drop in profit for the third quarter hurt largely by a 4 percent drop in revenues as the company continues to struggle with weak demand for printers. Shares of the computer and printer maker slipped 5 percent in extended session after it detailed a weak fourth quarter... LoopUp Group, a UK-based startup that provides software technology for conference calls and remote meetings, on Wednesday became the first technology company to float shares on the London Stock Exchange since Britain's decision to leave the European Union. LoopUP raised £8.5 million by selling shares...
comments powered by Disqus
Follow RTT