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Morgan Stanley paid Ted Ted Ted 34 million USD for his first year as managing director, which his predecessor James Gorman has earned in his role and less than Wall Street rival in his last 12 months.
Most of ChooseThe payment is a postponed bonus paid in Morgan Stanley Stock.
“The remuneration committee based its decision on the compensation of MR Pice 2024 based on the assessment of its outstanding performance, including the successful completion of the management crossing and the extraordinary financial performance of the company,” Morgan Stanley wrote in a regulatory submission on Tuesday.
It is less than $ 37 million that Gorman deserves last year and also among his immediate banking rivals.
Jamie Dimon from JPmorgan Chase and Goldman Sachs boss David Solomon both earned $ 39 million in 2024. For Dimon, this was an increase in salary by 8 percent, while Salomon’s compensation rose by 26 percent. The Bank of America paid the managing director Brian Moynihan 35 million last year, around 21 percent compared to a last year.
However, it is still a wage base from the $ 25 million selection, which he deserved in 2023 when he was co-president and Morgan Stanley’s investment banking and trading division.
The numbers underline the broad wage gap between the US and European banks. While the European banks do not yet have to disclose the payment of their Chief Executives for 2024, compensation among the largest US banks deepens the SFR 16.4 million SFR earned by UBS boss Sergio Ermotti for 2023. Best paid European bank guide.
At the beginning of last year, Pice took over from Morgan Stanley from Gorman, who had run the bank for 14 years. Morgan Stanley’s profit rose by almost 50 percent to $ 13.4 billion in 2024, which was increased by higher trade and investment banking.
