Morgan Stanley CEO enjoys 85% pay hike

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

The compensation package of Morgan Stanley (MS) CEO James Gorman jumped 85% to $18M in 2013 as the bank returned to profitability and enacted a turnaround plan.

Gorman's pay included $12M in salary and bonus, and $6M as part of the bank's long-term incentive plan for senior executives.