23-01-2016 00:43 via news.yahoo.com

Goldman Sachs, Morgan Stanley CEOs see slight 2015 pay cuts

By Olivia Oran NEW YORK (Reuters) - Wall Street's two marquee investment banks each slightly cut their chief executives' pay after a year that saw profitability fall and shares drop amid a turbulent backdrop. Goldman Sachs Group Inc Chief Executive Lloyd Blankfein and his Morgan Stanley counterpart James Gorman saw their overall compensation fall in 2015. Blankfein's overall pay declined 4 percent from the year prior to $23 million, while Gorman's slid 7 percent to $21 million, the banks disclos
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