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Morgan Stanley paid Ted Pick $ 34 million for his first year as managing director, what his predecessor James Gorman has won over his last 12 months in the role and less than the rivals of Wall Street.
Most of TakeRemuneration is a deferred bonus paid in the stock of Morgan Stanley.
“The remuneration committee founded its decision to compensate for Mr. Pick in 2024 on its assessment of its exceptional performance, including the success of the leadership transition and the exceptional financial performance of the company,” wrote Morgan Stanley In a regulatory file on Tuesday.
It is less than $ 37 million won by Gorman last year and also below his immediate banking rivals.
Jamie Dimon at Jpmorgan Chase and the boss of Goldman Sachs, David Solomon, both won $ 39 million in 2024. For Dimon, it was a salary increase of 8% while the remuneration of Solomon increased 26%. Bank of America paid CEO Brian Moynihan $ 35 million last year, up around 21% a year earlier.
However, this is a payroll of the choice of $ 25 million earned in 2023 while he was co-president and led the Division of Investment Banks and Trading by Morgan Stanley.
The figures highlight the wide remuneration gap between American banks and European banks. While European banks have not yet disclosed the salary of their leaders of the Management for 2024, the remuneration in the biggest American banks eclipses the SFFF 14.4 mins ($ 15.9 million) won by the boss UBS Sergio ERMOTTI for 2023, which had made him the boss of UBS Sergio ERMOTTI for 2023, which had made him best -paid Leader of the European Bank.
Pick took the CEO of Morgan Stanley at the beginning of last year of Gorman, who had led the bank for 14 years. Morgan Stanley’s profits increased by almost 50% in 2024 to 13.4 billion dollars, stimulated by an increase in income from commercial services and investment banks.
