But isn’t he only taking a pro-rated amount?
Posted by Insider3 on 12/31/1969 at 03:00 PM
Morgan Stanley Paying Mack a Total of $28 Million for ‘05
Thursday, December 15, 2005 - 7:23 am
Job-hopping can really pay off. That’s the lesson to be drawn from John Mack’s pay package this year. Morgan Stanley announced yesterday that its new CEO would receive $28 million in total comp for 2005, including an all-equity bonus of $11.5 million that would “more closely align his compensation with shareholder interests and the long-term performance of the firm.” Yawn. In other news sure to bum out senior management (especially those planning to leave), the firm announced that it was upping the equity portion of management committee members’ bonuses from 55% to 65%.
Mack to Get $28 Million [MarketWatch]
Comments:
They’re not paying him $28M. They’re paying him $11.5M.
Posted by on 12/31/1969 at 03:00 PM
Right you are. He’s only getting paid for 5 months.
Posted by UTC on 12/31/1969 at 03:00 PM
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