Wells Fargo analyst questions Morgan Stanley's $20M bonuses
Mike Mayo says the payouts to three senior leaders suggest governance risk.
Stay updated with breaking news from Ted Pick. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mike Mayo says the payouts to three senior leaders suggest governance risk.
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.
Morgan Stanley is reportedly giving the three contenders floated as outgoing boss James Gorman’s successor special bonuses worth a whopping $20 million each —…
Ted Pick was named the bank's new CEO, and rival candidates Dan Simkowitz and Andy Saperstein were promoted. All are being given $20 million bonuses.