Morgan Stanley CEO's pay rose 20% to $27 million for 2017

US banking giant Morgan Stanley's CEO James Gorman received $27 million in total compensation in 2017, an increase of 20% from a year earlier. It was the biggest package Gorman has received since he became the CEO in 2010. Earlier this week, Morgan Stanley's market value surpassed that of rival Goldman Sachs for the first time in over 11 years.