The Traderszone Network

Published in TZ Latest News 22 January, 2016 by The TZ Newswire Staff

Goldman Sachs, Morgan Stanley CEOs see slight 2015 pay cuts

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 (GS.N) Chief Executive Lloyd Blankfein and his Morgan Stanley (MS.N) 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 disclosed on Friday.