Morgan Stanley Ted is paying 34 million dollars in his first year as CEO

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Morgan Stanley TED paid $ 34 million for his first year as CEO, below what his predecessor James Gorman obtained in the last 12 months in this role and less than the Wall Street competitors.

The largest part of Pick salaries is a deferred reward paid in the shares of Morgan Stanley.

“The Compensation Committee relied on its decision to compensate Mr. Beck for the year 2024 for his evaluation of his outstanding performance, including successful completion of the transfer of leadership and the exceptional financial financial performance of the company.”

It is less than 37 million dollars that Gorman got last year and also under his direct banker competitors.

Jimmy Damian at JPMorgan Chase and Goldman Sachs, David Solomon, received $ 39 million in 2024. For DIMON, this was 8 percent increase while Solomon’s compensation increased by 26 percent. Bank of America, CEO of Brian Moinhan, paid $ 35 million last year, an increase of about 21 percent on a year.

However, it is still a stumbling block of $ 25 million in 2023 when he was a co -chairman and managed the Department of Banking Services and Trading in Morgan Stanley.

The numbers emphasize the wide wage gap between us and European banks. While European banks have not yet revealed the salaries of executives against 2024, compensation in the largest American banks is comfortably excelled over SFR14.4MN ($ 15.9 million) that UBS coach Sergio Armoti for the year 2023, which made him the best re -reward European leader.

He chose the position of CEO of Morgan Stanley at the beginning of last year from Gourman, who led the bank for 14 years. Morgan Stanley’s profits increased by almost 50 percent in 2024 to $ 13.4 billion, supported by higher revenues in trading and investment banking services.