Morgan Stanley Awards $20 Million Bonuses to Incoming CEO Ted Pick and Rival Candidates Saperstein, Simkowitz

Bonuses, comprising 60% performance stock units and 40% restricted stock units that vest in 2027, aim to retain key leadership and are pegged to the company's future financial goals amid incoming CEO transition; Pick, Saperstein, and Simkowitz will all assume new roles in Morgan Stanley in 2024.