• 24 Jan 2013 at 6:38 PM

Bonus Watch ’13: Morgan Stanley CEOs

The bad news: James Gorman’s pay fell 30 percent this year. The good news: he’s now in a position to show employees how to take these setbacks like a man, rather than grumbling like someone who puts their compensation in a one-year context to define their overall level of happiness.

Morgan Stanley gave Chairman and Chief Executive Officer James Gorman a compensation package for 2012 that’s 30 percent less than his 2011 award, excluding a new incentive package, a person familiar with the decision said. Gorman, 54, will get stock options valued at $2.6 million, according to a filing today with the U.S. Securities and Exchange Commission. He also will receive a $2.6 million deferred cash bonus in addition to his $800,000 salary, said the person, who asked not to be identified because Gorman’s total pay hasn’t been announced…Gorman is receiving options instead of restricted shares he was awarded for 2011. He’s also getting a new long-term incentive package separate from his year-end pay, which will have a similar structure to the performance shares he was awarded for 2010 and 2011, the person said. Even including the new package, his total compensation will be down from the $10.5 million he received for 2011, the person said.

Morgan Stanley CEO Pay Said to Fall 30% Excluding New Incentive [Bloomberg]
Related: James Gorman To Morgan Stanley Employees: STFU Or GTFO

47 comments (hidden to protect delicate sensibilities)
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Comments (47)

  1. Posted by Men's Pay-House | January 24, 2013 at 8:07 PM

    You are gonna like the pay you get.
    I guarantee it.

  2. Posted by morganvp | January 24, 2013 at 10:51 PM

    Hmm give zeros to all your employees, but your overpaid wall street ass tskes a nice nonuscwhile the stock outs still down 60% since you took over. Sounds fair.

  3. Posted by msvp | January 24, 2013 at 10:53 PM

    Bonus. . Not nonus. Damn crappy ms technology

  4. Posted by Guest | January 25, 2013 at 2:32 AM

    So where are comments from UBS MDs?

  5. Posted by Guest | January 25, 2013 at 8:27 AM

    Shazar ruined them too.

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  6. Posted by Biomass Heating | February 6, 2013 at 11:12 AM

    Prior to the enactment of the federal securities laws and the creation of the SEC, there existed so-called Blue Sky laws that were enacted and enforced at the state level and regulated the offering and sale of securities to protect the public from fraud.

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    The most controversial nationalizations, known as expropriations, are those where no compensation, or an amount far below the likely market value of the nationalized assets, is paid. Many nationalizations through expropriation have come after revolutions, in particular Communist-led revolutions.

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    When nationalizing a large business, the cost of compensation is so great that many legal nationalizations have happened when firms of national importance run close to bankruptcy and can be acquired by the government for little or no money.

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  15. Posted by Rdnnis Dgefb | February 23, 2013 at 6:17 AM

    Gorman is receiving options instead of restricted shares he was awarded for 2011. He’s also getting a new long-term incentive package separate from his year-end pay, which will have a similar structure to the performance shares he was awarded for 2010 and 2011, the person said. Even including the new package, his total compensation will be down from the $10.5 million he received for 2011, the person said. Rottweiler

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    The technique of marketing involves making the consumer aware that he is getting far more than his money's worth. This is where incentives come in and usually the incentive is in the form of a cash discount or offering more quantity of the product at the same price. Sometimes another product is added free along with the original product.

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    The Securities and Exchange Commission requires public companies in the United States to periodically file a variety of financial reports with the SEC.

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    on't doubt that he suffered as a kid in that high school yard. And I wonder, if he wasn't bullied then, what he had to do to survive then, and the impact that had and who he has come to be because of it. He is a wounded man, and while I find him odious, I am not unmoved by the sadness and pain of his past that his comments today imply.

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    Morgan Stanley is eliminating 1,700 jobs this month as Gorman pursues $1.6 billion of annual savings during the next two years. The New York-based firm is deferring all bonuses for employees who have both total pay of more than $350,000 and incentive compensation of at least $50,000, a person briefed on the matter said earlier this month.

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