other material
confidence high
sentiment positive
materiality 0.60
Morgan Stanley CEO Gorman's 2021 compensation rises to $35M as firm posts record net income
MORGAN STANLEY
- CEO James Gorman's total 2021 compensation set at $35M, up from $33M in 2020.
- Compensation components: $1.5M base salary, $8.375M cash bonus, $5.025M deferred equity, $20.1M performance-vested equity.
- Firm achieved record 2021 net revenues ~$60B, net income ~$15B, EPS $8.03, ROTCE 19.8%.
- Quarterly dividend doubled to $0.70; $3.8B in dividends and $11B in share repurchases in 2021.
- Wealth Management pre-tax margin 25.5% (26.9% excl. integration expenses); client assets $6.5T after E*TRADE/Eaton Vance.