Morgan Stanley CEO James Gorman was paid compensation worth $13 million in 2011, a 15 percent drop from the previous year, according to an AP analysis.
The New York investment bank said in a regulatory filing Thursday that Gorman’s compensation included a salary of $800,000, a deferred cash bonus of $2.7 million, stock awards worth $5.9 million and stock options worth $3.5 million and $9,800 in a company match to his retirement plan.
The AP’s executive pay calculation aims to isolate the value the company’s board placed on the CEO’s total compensation package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.