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
Xbox Live users are aggravated about repeated outages that have prevented gamers from accessing online multiplayer features. Blaming higher egg prices and other rising costs, Dunkin's Donuts will close 100 stores, all of them Speedway gas station and convenience store locations. Micron Technology, Inc. said that its fourth quarter profit fell 59% from last year, as sales declined and gross margins deteriorated amid weak demand and pricing pressures due to continued softness in the personal computer market. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly sales.
comments powered by Disqus
Trade MS now with 
Follow RTT