Morgan Stanley’s board boosted Chairman and Chief Executive James Gorman’s compensation by one-third last year, saying the bank’s performance was “strong” but had “room for continued progress,” according to its proxy filing on Wednesday. Using another calculation set by the U.S. Securities and Exchange Commission which includes restricted awards from prior years and perks, Gorman received $23.3 million in 2014, up from $14.4 million the prior year. It bases Gorman’s pay on how well Morgan Stanley achieved objectives from shareholder returns to cost cutting.