James Gorman
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Morgan Stanley said Chief Executive James Gorman will receive a base salary of $1.5 million in 2013, nearly double the $800,000 he received last year.
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NEW YORK, Jan 31- Morgan Stanley said it is nearly doubling Chief Executive James Gorman's salary to $1.5 million a year, to bring it more in line with other big bank chiefs.
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Morgan Stanley said Chief Executive James Gorman will receive a base salary of $1.5 million in 2013, nearly double the $800,000 he received last year.
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NEW YORK, Jan 31- Morgan Stanley Chief Executive James Gorman will get a higher base salary in 2013, while his overall pay package declined 7 percent last year, according to a regulatory filing on Thursday.
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Jan 31- Morgan Stanley Inc said Chief Executive James Gorman will receive a base salary of $1.5 million in 2013, nearly double the $800,000 he received last year.
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The investment bank Jefferies Group Inc. said Tuesday that its CEO, Richard Handler, will get a 2012 pay package of $19 million, as measured by the bank's calculations. In a fiercely competitive industry, that will put him ahead of rivals like JPMorgan Chase's Jamie Dimon and Morgan Stanley's James Gorman.
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Jan 29- Jefferies Group Inc paid Chief Executive Richard Handler $45.2 million in 2012, making him one of Wall Street's most highly compensated executives, according to a securities filing on Tuesday. Handler's pay package included $1 million in salary, a $5 million bonus and $39 million in stock grants that would cover 2013 to 2015, according to the filing.
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Jan 24- Morgan Stanley Chief Executive Officer James Gorman received lower compensation for 2012 after a difficult year for the bank in which profits declined.
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NEW YORK, Jan 18- Morgan Stanley executives made good on their promise to reap earnings from the bank's burgeoning wealth management business, reporting on Friday that profit margins in the business soared in the fourth quarter. Morgan Stanley has made a bigger bet on retail investors than its major rivals by buying most of Citigroup's Smith Barney brokerage.
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Jan 18- Brian Moynihan is known inside Bank of America Corp as a problem-fixer and a cost-cutter, according to two executives who have worked with him, and in his three years as the bank's chief executive, he has had that reputation tested like never before. Now, proof of his abilities is beginning to show.
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Jan 18- Morgan Stanley's quarterly earnings beat analysts' expectations by a wide margin on Friday, helped by a big jump in trading revenue, and the bank said it was ready to deliver better returns to shareholders.
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Jan 18- Morgan Stanley reported a fourth-quarter profit on a surge in equity sales and trading and strong margins at its wealth management business, sending its shares up 7 percent before the bell.
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Jan 18- Morgan Stanley Chief Executive James Gorman said the bank has turned itself around and can meet its goals for profitability, his boldest pronouncements yet about the near-term potential for a company that has long lagged its peers.
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NEW YORK, Jan 15- Morgan Stanley is taking three years to pay out 2012 bonuses to high-earning employees, three sources familiar with the situation said on Tuesday, a step that will better align incentives with shareholder interests and make it harder for employees to leave.
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Jan 9- Morgan Stanley plans to slash 1,600 jobs in what may be just the beginning of a new round of layoffs at large investment banks, this time driven by a deeper reassessment of Wall Street businesses in the face of new regulations and capital standards.
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Jan 9- Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on Wednesday, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums.
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Jan 9- Morgan Stanley plans to cut 6 percent of its institutional securities staff starting this week, two people familiar with the matter said on Wednesday, the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums.
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*Morgan Stanley looking at ways to bolster lending. Dec 3- In October, Rebecca Rothstein, a Beverly Hills- based private banker to rock stars, top executives and the otherwise rich, abruptly left Morgan Stanley for rival Merrill Lynch.
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The re-election of Barack Obama and the victory of several high-profile supporters of tough financial regulation- notably Massachusetts Senator-elect Elizabeth Warren- have cemented expectations of an increasingly difficult operating environment. Morgan Stanley is 8 percent lower, while Citigroup Inc is down about 4 percent.
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Private wealth business in India was launched in late 2008. SINGAPORE/ MUMBAI, Nov 7- Morgan Stanley has launched the sale of its India private wealth management unit, which manages about $1 billion including loans, after entering the highly fragmented and competitive market just four years ago, sources with knowledge of the matter said.
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Private wealth business in India was launched in late 2008. SINGAPORE/ MUMBAI, Nov 7- Morgan Stanley has launched the sale of its India private wealth management unit, which manages about $1 billion including loans, after entering the highly fragmented and competitive market just four years ago, sources with knowledge of the matter said.