Morgan Stanley CEO James Gorman's 2016 pay up 7 percent to $22.5 million

By Olivia Oran
(Reuters) – Morgan Stanley Chief Executive James Gorman’s overall pay rose 7 percent in 2016 as the Wall Street bank’s stock soared and it edged closer to hitting a key profitability target.
Gorman will receive $22.5 million (18 million pounds) in total compensation, up from $21 million in 2015, spokesman Mark Lake said in an email.
Gorman received a $5 million stock bonus for his performance in 2016, an 8 percent increase from 2015, according to a filing with t