NEW YORK, April 29 (Reuters) - Morgan Stanley ( MS )

shareholders should vote against its proposal for executive pay

at the bank's annual meeting on May 23, according to a

recommendation by influential proxy adviser Glass Lewis.

Former CEO James Gorman, who is now executive chairman, was

awarded $37 million by the company's board, while the three

candidates to succeed him were given $20 million one-time

awards.

The bank did not immediately respond to a request for

comment.

Last week, Bank of America ( BAC ) and Goldman Sachs ( GS )

shareholders rejected proposals to divide the CEO and chairman

roles at both banks, despite recommendations by proxy advisers

to separate the positions. BofA CEO Brian Moynihan and Goldman

CEO David Solomon both hold the dual titles.

Glass Lewis had also called for an advisory vote against

Goldman's executive pay, saying shareholders "should be wary of

the continued disconnect between pay and performance."

Shareholders voted to approve Goldman's compensation plan.