Morgan Stanley chief executive James Gorman received total compensation in 2010 valued at $15.2m, more than double his pay awarded in 2009 when he was a co-president of the investment bank, according to the firm's proxy filed with the Securities and Exchange Commission late Thursday.
The calculation of Gorman's pay, in accordance with SEC rules of presentation, includes a $3.9m bonus, $1.6m of which was in cash, and $10.2m in restricted stock units. In 2009, Mr. Gorman was awarded $6.5m, according to the SEC's pay-calculation guidelines.