Morgan Stanley CEO Gorman made $6 million for 2012: source

(Reuters) - Morgan Stanley Chief Executive Officer James Gorman made $6 million in total compensation for 2012, including $800,000 in salary, $2.6 million in deferred cash and $2.6 million in stock options, a person familiar with the matter said on Thursday.

Morgan Stanley's board plans to also award Gorman an undetermined amount of long-term incentive pay for 2012, but his total compensation will still be lower than the $8.56 million he received for 2011, the source said.

The bank on Thursday disclosed stock option awards for top executives in filings with the U.S. Securities and Exchange Commission. The rest of the executives' pay will be disclosed later in the company's annual proxy filing.

(Reporting By Rick Rothacker in Charlotte, N.C.; Editing by Tim Dobbyn)

Source: http://news.yahoo.com/morgan-stanley-ceo-gorman-made-6-million-2012-220025511--sector.html

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