Morgan Stanley traders again financial institution administrators, government pay packages By Reuters
© Reuters. FILE PHOTO: A view of the Morgan Stanley London headquarters at Canary Wharf in London, Britain June 24, 2016. REUTERS/Russell Boyce/File Picture
NEW YORK (Reuters) – Morgan Stanley (NYSE:) shareholders voted overwhelmingly to elect all financial institution administrators and approve the financial institution’s government compensation packages, in keeping with a preliminary tally of the shares forged on the agency’s annual assembly on Thursday.
Roughly 97% of shares had been forged in assist of the administrators and 96% of shares had been forged in assist of the manager compensation plan.
Morgan Stanley’s Chief Government James Gorman’s 2020 annual pay rose by $6 million, or 22%, from 2019. Gorman is receiving $33 million for his work in 2020, in contrast with $27 million the 12 months earlier than. Gorman’s pay had fallen by 7% in 2019.
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