It is the season for reviews of executive compensation packages, and some have gone better than others. Morgan Stanley recent meeting of shareholders was notable for its short and sweet nature. Lasting only 20 minutes, with no audience questions, the meeting has been unlike any since before the financial crisis, according to reports.
The 2013 executive compensation plan for the investment bank has been approved by 92 percent of the stockholders, according to The Wall Street Journal. That figure trumps last year’s vote, which clocked in at 82 percent approval. CEO James Gorman made a total of $18 million — about double what he received the year before. But, clearly, shareholders think he deserves it as the bank made some progress last year.