MorganStanley urged its shareholders to vote for the advisory "Sayon Pay" proposal concerning compensation of named executive officers.
The proposal centers on CEO compensation in relation tocompany performance on both an absolute and relative basis.
Proxy advisory firm Institutional Shareholder Services hasrecommended that shareholders vote for the proposal because of the company'salignment of compensation with overall strategic progress and financial andshareholder performance. Glass Lewis, on the other hand, recommended a voteagainst the proposal.
Morgan Stanley said the CEO's total 2015 compensation wasset at $21 million, a 7% decrease from $22.5 million in 2014. Ofthe total award amount, 72% is deferred over three years and subject toclawback, with 39% of such deferred compensation delivered through futureperformance-vested equity awards.