On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1440 AM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
73° Feels Like: 73°
Wind: SE 16 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 58°

Tomorrow

Partly Cloudy 77°

Sun Night

Thunderstorms Late 65°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Morgan Stanley raises CEO Gorman's base salary to $1.5 million

Morgan Stanley CEO James Gorman talks on his cell phone after leaving a meeting with lawyer Davis Polk in New York January 13, 2011. REUTERS
Morgan Stanley CEO James Gorman talks on his cell phone after leaving a meeting with lawyer Davis Polk in New York January 13, 2011. REUTERS

(Reuters) - 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.

Morgan Stanley said the raise was to bring Gorman's salary into line with the salaries paid to chief executives at rival financial institutions and to achieve an appropriate balance between fixed and at-risk variable compensation.

(Reporting by A. Ananthalakshmi in Bangalore; Editing by Supriya Kurane)

Comments