NEW YORK (Reuters) - Morgan Stanley Chief Executive James Gorman's overall pay rose 7 percent to $29 million last year during a period that saw the firm's net revenues rise 5 percent to $40.1 billion, according to bank filings released on Friday.
Gorman's total compensation included a base salary of $1.5 million plus cash bonuses of about $6.9 million, deferred equity awards of nearly $6.9 million, and a long-term incentive plan based on performance worth $13.8 million.
(Reporting By Elizabeth Dilts; Editing by David Gregorio)
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James Patrick Gorman is a businessperson who has been at the helm of 6 different companies. Mr. Gorman is Chairman & Chief Executive Officer of Morgan Stanley and Chairman for Morgan Stanley Smith Barney Holdings LLC (a subsidiary of Morgan Stanley). Mr. Gorman is also Member of The Financial Services Forum, Member of The Business Council, Member- Overseers Board at Columbia Business School and Member of The Business Roundtable and on the board of 6 other companies. In the past James Patrick Gorman held the position of President at Federal Advisory Council, Senior Partner-Financial Institutions Practice at McKinsey & Co., Inc., Co-President for Global Wealth Management Group, Head-Global Private Client Business at Merrill Lynch & Co., Inc., Director at The Partnership for New York City and Trustee at The Metropolitan Museum of Art. He received an MBA from Columbia University and an undergraduate degree and a graduate degree from the University of Melbourne.
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| MORGAN STANLEY | Chairman |
| Morgan Stanley Smith Barney Holdings LLC | Chairman |
