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
International Business Machines Corp. (IBM) Monday predicted that Cyber Monday online sales would grow by more than 18 percent compared to 2014. Driven by a surge in mobile shopping, consumers indicate that Samsung, Sony and LG TVs as well as Apple Watch and Beats by Dre are at the top of their shopping... As the Black Friday din settles down, it is time to look back at how various players and products fared and Adobe has offered some insight into just that. Mobiles and smartphones sold like hot cakes, according to online shopping data released by Adobe. After nearly a 2-year hiatus following its announcement that it is testing unmanned drones, Amazon finally offered a glimpse into the prototype and its functioning. It remains to be see if the company can work around regulatory hurdles to make it a reality.
comments powered by Disqus
Trade MS now with 
Follow RTT