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Morgan Stanley paid Ted to choose $ 34 million for his first year of executive director, which is lower than what his predecessor James Gorman has earned in the last 12 months in the role and less than Rival on Wall Street.
The larger part SelectThe salary is delayed bonus paid in the sections of Morgan Stanley.
“The Compensation Committee based on Mr. Picke 2024’s compensation decision on the estimation of its extraordinary effect, including a successful completion of the leadership transition and an exceptional financial effect of the company,” Morgan Stanley wrote in a regulatory application on Tuesday.
This is less than $ 37 million, which Gorman earned last year, and also below his immediate banking rivals.
Jamie Dimon of JPMORGAN Chase and head of Goldman Sachs David Solomon earned $ 39 million in 2024. For Dimon, this was a salary increase by 8 percent, while Solomon’s fee increased by 26 percent. Bank of America paid executive director Briano Moynihan $ 35 million last year, which is more than 21 percent compared to the year earlier.
This is, however, a salary of $ 25 million earned in 2023 when he was a co -president and led Morgan Stanley in investment banking and trading.
Numbers emphasize a wide gap pay between the US -A European banks. While European banks have yet to discover the salary of their main executives for 2024, the fees in the largest US banks are comfortable with SFR14.4mn ($ 15.9 million) earned by UBS chief Sergio Ermotti for 2023. The the best paid European Bank leader.
Pick took over as executive director Morgan Stanley early last year from Goman, who led the bank for 14 years. The profit of Morgan Stanley increased almost 50 percent in 2024. To $ 13.4 billion, increased with higher revenues in trading and investment banking.
