Morgan Stanley Awards Next CEO, Other Candidates Awards Valued at $20 Million
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Morgan Stanley gives next CEO Ted Pick and two top execs $20 million awards
(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...
Source: wkzo.com
Morgan Stanley gives next CEO Ted Pick and two top execs $20 million awards
(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.
Source: yahoo.com
Ted Pick new CEO of Morgan Stanley, takes up helm from James Gorman
Ted Pick, aged 54 and with over 30 years of experience at Morgan Stanley, currently heads the institutional securities division, which includes the bank's investment banking and trading unit. He beat internal candidates Andy Saperstein and Dan Simkowitz. in a three-way competition for the role.
Source: livemint.com
Wall Street's most closely watched succession race—for Morgan Stanley's CEO job—finally has a winner
Ted Pick will become Morgan Stanley's new chief executive, succeeding James Gorman after a 14-year run.
Source: fortune.com