leadership
confidence high
sentiment neutral
materiality 0.60
Morgan Stanley sets Gorman's 2023 compensation at $37M; Pick's base salary at $1.5M
MORGAN STANLEY
- Gorman's 2023 total compensation set at $37M; 75% deferred in equity over three years.
- Pick's annual base salary set at $1.5M effective Jan 1, 2024.
- Under Gorman, 2023 net revenues $54.1B, net income $9.1B ($5.18 EPS), ROTCE 12.8%.
- Wealth/Investment Mgmt contributed >60% of pre-tax profit; stock up 14% TSR.
- CET1 ratio 15.2%; dividend $0.85/share, $5.4B dividends, $5.3B buybacks.