Morgan Stanley’s Drive to Rein in Costs Starts With CEO Gorman
This article is for subscribers only.
Morgan Stanley just had its most profitable year on record. It wasn’t enough for its chief to land a raise.
James Gorman’s compensation fell as the firm announced he will receive $27 million for 2019, according to a regulatory filing Friday. That’s a 6.9% decline from the prior year and on par with the package the chief executive officer received in 2017.