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UPDATE 1-Morgan Stanley CEO Gorman's annual pay rises by $6 million

Morgan Stanley Chief Executive James Gorman's annual pay rose by $6 million in 2020, according to a regulatory filing released on Friday. Gorman will receive $33 million for his work last year, compared with $27 million in 2019, the bank said. Morgan Stanley directors based the decision on the firm's record financial performance in 2020 and Gorman's progress in implementing the bank's long-term strategy, it said.

Morgan Stanley CEO Gorman's annual pay rises by $6 million

Morgan Stanley Chief Executive James Gorman's annual pay rose by $6 million in 2020, according to a regulatory filing released on Friday. Gorman will receive $33 million for his work last year, compared with $27 million in 2019, the bank said. (Reporting by Matt Scuffham; Editing by Leslie Adler)

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