07:03 AM EST, 02/14/2025 (MT Newswires) -- Morgan Stanley ( MS ) CEO Ted Pick's compensation for 2024 will be $34 million, a company's filing showed on Thursday.

The compensation committee's decision was based on Pick's 'outstanding performance,' including the successful completion of the leadership transition and the firm's exceptional financial performance, the bank said in a filing, citing record revenue, higher earnings, and a market capitalization that surpassed $200 billion.