Morgan Stanley granted particular bonuses value $20 million every to incoming Leader Government Officer Ted Pick out and his two deputies, Andy Saperstein and Dan Simkowitz. The percentage-based awards, introduced in a submitting Friday, observe the company’s announcement this week that Pick out will prevail outgoing CEO James Gorman. In an extraordinary transfer for Wall Boulevard, the 2 males who neglected out at the most sensible activity — Saperstein and Simkowitz — will keep on the financial institution, with Co-President Saperstein gaining oversight of the company’s asset-management industry along with his position main wealth leadership, and Simkowitz changing Pick out as co-president main the investment-banking and buying and selling department.
