John J. Mack (above)
The New York Times, May 28, 2010
After holding out its pay practices as a rejoinder to Wall Street excess, Morgan Stanley disclosed late Friday afternoon that it will more than double the salary of John J. Mack, the firm’s chairman, to $2 million a year.
In a regulatory filing, Morgan Stanley said that its board had approved raising Mr. Mack’s base salary from $800,000, effective June 1.
Morgan Stanley pointed out in its filing that Mr. Mack’s salary had not risen since his return to the firm in 2005, and that he had declined year-end bonuses for the last three years.
The Wall Street Job Report 