Did the Morgan Stanley CEO Get a Raise?
Yes. Ted Pick's total compensation rose 19% to $15.4M in 2025, from $13.0M in 2024, per Morgan Stanley's SEC DEF 14A filings.
This page answers a common executive-compensation question: Did the Morgan Stanley CEO Get a Raise?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
Ted Pick Pay: 2024 → 2025
- 2025 total comp
- $15,408,000
- 2024 total comp
- $12,976,000
- Change ($)
- +$2,432,000
- Change (%)
- +19%
Source: Morgan Stanley SEC DEF 14A proxy statements, 2024 and 2025 Summary Compensation Tables.
In its latest proxy statement, Morgan Stanley reported Ted Pick's 2025 total compensation at $15,408,000 — up $2,432,000 (19%) from $12,976,000 in 2024. The biggest single driver was stock awards, which rose $1,216,000.
Across the disclosed history, Ted Pick's total pay has run: 2022, $15.0M; 2023, $13.7M; 2024, $13.0M; 2025, $15.4M. CEO compensation is lumpy year to year because equity grants — the largest component — are often awarded in multi-year blocks rather than evenly, so a single year's jump or drop can reflect grant timing as much as a change in pay philosophy.
Whether a raise is warranted ties back to performance: Morgan Stanley posted a 29.6% three-year total shareholder return on 14.6% revenue growth, and the package carries a CEOPay Pay-for-Performance grade of A (82/100).
Compensation Detail
| Component | Amount |
|---|---|
| Total Compensation | $15,408,000 |
| Base Salary | $1,540,800 |
| Stock Awards | $7,704,000 |
| Option Awards | $1,848,960 |
| Non-Equity Incentive | $2,311,200 |
| CEO-to-Worker Pay Ratio | 128:1 |
| Pay-Performance Grade | A |
Other Investment Banking CEOs
Frequently Asked Questions
Yes. Ted Pick's total compensation rose 19% to $15.4M in 2025, from $13.0M in 2024, per Morgan Stanley's SEC DEF 14A filings.
Ted Pick, CEO of Morgan Stanley, earned $15.4M in total compensation in 2025, including $7.7M in stock awards and $1,540,800 in base salary.
In 2025, total compensation of $15,408,000 was composed of $1,540,800 base salary, $0 cash bonus, $7,704,000 stock awards, $1,848,960 option awards, and $2,311,200 in non-equity incentive compensation.
Our Pay-for-Performance Score rates Morgan Stanley as A (82/100), based on three-year total shareholder return of 29.6%, revenue growth of 14.6%, and shareholder say-on-pay vote approval.
Ted Pick is the chief executive officer of Morgan Stanley (MS).
More about Morgan Stanley
Yes. Ted Pick's total compensation rose 19% to $15.4M in 2025, from $13.0M in 2024, per Morgan Stanley's SEC DEF 14A filings.
Source: SEC EDGAR DEF 14A proxy statements, 2026.