Morgan Stanley is giving $20 million bonuses to its incoming CEO and the two other candidates.
Morgan Stanley said the awards would ensure "that each executive continues their outstanding leadership in their new roles.
AdvertisementAdvertisementMorgan Stanley is giving $20 million bonuses to its incoming CEO and the two other executives who missed out on the top role.
Morgan Stanley said in a filing Friday that its board's compensation, management-development, and succession committee had approved one-time equity-based awards to Pick, Saperstein, and Simkowitz.
AdvertisementAdvertisementIn 2022, Pick, Saperstein, and Simkowitz each had a base salary of $1 million.
Persons:
Morgan Stanley, Ted Pick, Dan Simkowitz, Andy Saperstein, —, James Gorman, Pick, Gorman, Ted
Organizations:
Service, Street, Institutional Securities Group, Company