Morgan Stanley paid chief executive James Gorman $31.5mn for his work in 2022, down 10 per cent from $35mn a year earlier after the Wall Street bank reported lower revenues and profits.
The smaller pay package means longtime JPMorgan Chase CEO Jamie Dimon out-earned Gorman for the first time since 2019. JPMorgan on Thursday said Dimon was paid $34.5mn in 2022, unchanged from the prior year.
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