Morgan Stanley (MS +3%) shareholders throw their support (86%) behind the bank's executive...

|About: Morgan Stanley (MS)|By:, SA News Editor

Morgan Stanley (MS +3%) shareholders throw their support (86%) behind the bank's executive compensation plan which cut CEO Gorman's pay by 7% and deferred bonuses for top managers. Total shareholder return was 28% in 2012, 800 bps below the average of Morgan's 9 largest peers, and Gorman's $9.75M in pay was 40% lower than it could have been.