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None Morgan Stanley is giving $20 million bonuses to its incoming CEO and the two other candidates. • None Ted Pick was named as the bank's new CEO, and…
When your juiced-up bonus disappears.
New chief executive Ted Pick and two others were given the equivalent of a year's compensation.
Morgan Stanley's new leadership team Ted Pick, Andy Saperstein and Dan Simkowitz have been awarded $20million in performance-related shares.
Morgan Stanley is reportedly giving all the three contenders floated as outgoing boss James Gorman's successor -- including Ted Pick, who was officially named the next in line for CEO -- special bonuses worth a whopping $20 million each.