May 22nd, 2009 - Bloomberg
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May 22 (Bloomberg) -- Morgan Stanley will increase base payfor many of the firm’s top executives this year and double thepay of Chief Financial Officer Colm Kelleher as bonus paymentscome under scrutiny from the Obama administration and lawmakers.
The higher salary policy will apply to the majority of thecompany’s executives, according to a person briefed on thedecision. Chief Executive Officer John Mack’s base salary isunchanged this year, according to a regulatory filing today.
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Morgan Stanley, the sixth-biggest U.S. bank by assets, will increase some executive salaries and double Chief Financial Officer Colm Kelleher's pay as bonuses come under scrutiny from the Obama administration and lawmakers.
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Morgan Stanley Outlines Pay Increases Several thousand executives at Morgan Stanley will be getting a big boost in their salaries this year, according to a regulatory filing and a source familiar with the matter...
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