Morgan Stanley CEO James Gorman sees pay increase seven percent to $22.5 million

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(Copyright Reuters 2017)

Morgan Stanley Chief Executive Officer James Gorman's overall pay rose 7 percent in 2016 to $22.5 million, according to a securities filing.

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While rising 7 percent against the previous year, Gorman's total pay for 2016 was flat compared with his compensation in 2014.

(Reporting by Olivia Oran; Editing by Alan Crosby)