Morgan Stanley chief becomes best-paid US bank CEO beating JPMorgan boss

Morgan Stanley CEO James Gorman surpassed JPMorgan Chase's Jamie Dimon as the best-paid CEO of a US bank. Gorman's annual pay rose by 22% to $33 million last year when the bank posted its third consecutive year of record earnings. JPMorgan, the largest US bank, kept Dimon's total compensation unchanged at $31.5 million in 2020.