The $40 Million Wall Street Man….Is Morgan Stanley’s CEO…

NY Times December 15, 2006 08:55 AM

Morgan Stanley gave its chief executive, John J. Mack, $40 million in stock and options for 2006, the largest bonus ever awarded to a Wall Street chief. But the record may be short-lived as press reports and analysts are predicting even bigger rewards for the C.E.O.s of rival investment banks.
The Wall Street Journal, citing unidentified sources, writes that Goldman Sachs Chief Executive Lloyd Blankfein is in line for compensation exceeding $50 million, and analysts told the newspaper that that they some other C.E.O.s, such as James Cayne of Bear Stearns and E. Stanley O'Neal of Merrill Lynch, could get $40 million to $50 million, or higher.

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