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

Editors Pick
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade MS now with 
Follow RTT