FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies before a House Financial Services Committeeon Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein/File Photo
The board, which decides the top executives’ pay, called the 61-year-old’s performance in the year “outstanding” and acknowledged “the firm’s strong financial performance.” The bank’s reported profit jumped 46% to $2.09 billion in 2019 compared to 2018. In the bank’s fourth quarter earnings on Thursday it said it was lowering 2019 bonuses staff-wide in an effort to offset a 7% increase in other compensation expenses.
Gorman’s compensation is comprised of four parts: a base salary of $1.5 million; a cash bonus of $6.375 million; a deferred equity award of $6.375 million; and a performance-vested equity award of $12.75 million.
Can we organise a crowdfunding for this poor man?
Aw shucks! There goes DJ’s claim the economy is booming.
He took a pay cut? No yacht for you this year, buddy!
Awwww
It’s getting tough out there.
Cry me a river 🙄
How Will he manager , have you seen the price of Yacht’s lately !! Nobody’s worth that type of Sick money , Nobody !
yesss
Hi John
For heavens sake how is he going to pay his bills, let alone stash a lot of it in the Cayman Islands or somewhere out of sight of the IRS?
Clinical Medicine is a toil, finance is the real rich one.
I knew I should have paid more interest on my loan! So sorry Gorman. Maybe next year you can up the rates even more.
OMG! Such a huge pay cut!
Thoughts & prayers
Poor guy...
Can someone please start a GoFundMe? How can you all sleep at night knowing you could’ve helped this man?
Badly I feel
Poor baby
wow, that's rough.
Oh that poor guy. How will he cope. Greedy ba$tard.
Seriously? What’s the intent of posting this story? Are we supposed to feel something? because i got nothing.... don’t even care.
I did a little laugh/cry after reading this. Realizing that the 7% he lost is probably more than most people will ever make.
STARTING A gofundme NOW
awesome
I got some ideas of things that should fall with this elite...their heads.
Poor him
US Taxpayers should bail him out just like they did it for MS in 2008
Oh my god..someone starrt a go fund me page!!!
Oh so sorry. How can he live on that? GoFundMe? Anyone?
Oh no! What am Igoing to do?! Maybe I’ll figure something out while I’m “earning” $0.62/mile, driving Lyft. _
Thoughts and prayers
Poor guy, maybe we can all pass the hat for him. Hang in there bud 🙄
How is ever going to survive?🤔
Oh no. Poor guy will have to sell pencils.
How will he live now?! 😭
Poor guy: But his pay cut is still 25+ times more in 1 year than someone working 30 years at $60K/year.
More bad news.
That's rough
Poor guy
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