Jan 4 Paul Taubman, the former co-president of
Morgan Stanley's institutional securities business, will
receive $1.7 million from an early retirement plan, according to
a securities filing on Friday.
Taubman, a top investment banker who retired on Dec. 31
after 27 years with Morgan Stanley, will leave the firm on May
5, when his deferred compensation from 2012 will also vest.
He will receive his 2012 bonus in four equal installments
through Dec. 15, 2014, Morgan Stanley said in an 8-K filing with
the U.S. Securities and Exchange Commission. Taubman's overall
2012 bonus payment was not detailed in the filing.