Skip to main content

Morgan Stanley Considers Goldman Sachsian Approach To Compensation (Follically-Speaking)

  • Author:
  • Updated:

John Mack, like the Tom Arnold of investment banking (take a second on that one), has overcome huge odds to fight his way back to the top of his game.** Last year, the Morgan Stanley chief, who was shown the door in 2001, received a raise of 38% to take home $41.4 million, reports CNN Money. The package was comprised of a base salary of $800,000, $36.2 million in restricted stock, $4 million in other stock options, miscellaneous compensation of $15,447, $67,963 in pension benefits, $6,100 in matching 401(k) money and, perhaps most importantly, in the parlance of our times, use of the company jet valued at $321,848.
Earlier: How Goldman's Managed To Stay Out Of The Backdating Scandal
Morgan's Mack sees hefty pay raise [CNN Money]
**Rocky seemed too easy and we thought it was about time we—Carney—went public with our feelings for Carpool.