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(Reuters) -Morgan Stanley gave its next CEO Ted Pick and the other two contenders for the top job one-time awards worth about $20 million each, the ba...

(Reuters) -Morgan Stanley gave its incoming CEO Ted Pick and the two other executives considered for the top job one-time bonuses of $20 million each, the bank said in a filing on Friday. The performance-linked stock awards for Pick, Co-President Andy Saperstein and incoming Co-President Dan Simkowitz were based on fair value calculations of the bank's current stock price. Earlier this week, Pick won the race to succeed long-time CEO James Gorman on Jan. 1.

Ted Pick, aged 54 and with over 30 years of experience at Morgan Stanley, currently heads the institutional securities division, which includes the banks investment banking and trading unit. He beat internal candidates Andy Saperstein and Dan Simkowitz. in a three-way competition for the role.

Ted Pick will become Morgan Stanley's new chief executive, succeeding James Gorman after a 14-year run.

NEW YORK, Oct 25 - Morgan Stanleys current CEO James Gorman and incoming CEO Ted Pick spoke with Reuters about the companys leadership succession and strategy. Here...

Mr. Pick’s ascension caps an unusually public three-way race to replace James Gorman, who presided over steady growth after taking over in 2010.

Morgan Stanley Co-president Edward (Ted) Pick will become the company's next Chief Executive Officer, effective January 1, 2024, the company's board announced Wednesday.

Morgan Stanley (MS) named Edward (Ted) Pick as the company's next chief executive officer, succeeding James Gorman, who held the position since 2010.

Morgan Stanleys Ted Pick won the race to succeed long-time CEO James Gorman and on Wednesday promised to stick to the blue chip Wall Street firms strategy as it navigates a deal-making slump and...