Morgan Stanley pays James Gorman $37 million out of a potential $40 million for 2023

Morgan Stanley’s James P. Gorman has been awarded $37 million — near the top of the $20 million to $40 million range set the by bank’s board of directors — for his performance as chief executive of the storied investment bank in 2023, according to a filing.Morgan Stanley’s MS, +1.07% compensation committee said the pay of roughly $3 million per month reflects Gorman’s “outstanding performance, including his exemplary execution of CEO succession and the transition of leadership,” according to the Friday fili ...