Morgan Stanley disclosed in a regulatory document on January 19th that James Goldman's salary increased by 17% to $37 million in his final year as CEO.
Three quarters of Gorman's bonus will be paid in the form of deferred interest shares within three years. In addition to his basic salary of $1.5 million, he also received a cash bonus of slightly less than $9 million. The document states, "During his tenure as CEO and in 2023, Gorman reshaped the company into a stronger and more balanced organization, preparing it for long-term development. He also successfully completed an orderly and multi-year CEO succession planning process."
At the beginning of this month, Ted Pique took over as the CEO of Morgan Stanley, replacing the 65 year old Gorman. Gorman is currently the executive chairman of the bank.