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Morgan Stanley's CEO Mack Gets Record $40 Million Bonus [View All]

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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007)

Yavin4

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Fri Dec-15-06 11:23 AM
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Morgan Stanley's CEO Mack Gets Record $40 Million Bonus

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Dec. 15 (Bloomberg) -- Morgan Stanley gave Chief Executive Officer John Mack the biggest bonus for the head of a Wall Street firm, awarding him $40 million as the company headed for the best profit in its 71-year history.

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The payout for Mack, 44 percent more than Morgan Stanley awarded him last year, eclipses the $38.3 million in total compensation Henry Paulson received in 2005 as CEO of Goldman Sachs Group Inc. Shares of Morgan Stanley, the second-biggest U.S. securities firm by market value, are having their best year since 2003 after Mack put the firm on course for record earnings.

http://www.bloomberg.com/apps/news?pid=20670001&refer=&sid=a6my7bTOmk0c

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