Saxon Mortgage parent Morgan Stanley has seen fit to give the company chairman a 150 percent pay raise. Meanwhile Saxon Mortgage can’t even endorse and return my insurance check in a timely manner. Here is why they think Mack is worth the money:
NEW YORK, May 28 (Reuters) – Morgan Stanley (MS.N) Chairman John Mack, who has said Wall Street’s high pay packages show that the industry is out of touch with mainstream America, is receiving a 150 percent base salary increase to $2 million.
Mack, who declined to accept a bonus the past three years, received a base salary of $800,000 in 2009. In 2006, the last year he received a bonus, he was awarded restricted shares that were worth $36.2 million at the time.
The salary increase, which was revealed in a regulatory filing, was meant to pay him “in line with his new role” as chairman, Morgan Stanley said.
Hi, I'm Jen and I'm here to help. Submit your complaint here or get help here
This article, Saxon Mortgage parent Morgan Stanley gives 150 Pct raise, is just one of our articles from our Ocwen Financial and Saxon Mortgage Complaints
What Ocwen bought from Morgan Stanley
Ocwen Financial and Saxon Mortgage Complaints monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
We use Thomson Reuters News Service Calais in all production material but are not associated with Thomson Reuters, banks, or financial institutions in any way.
