Morgan Stanley said on Friday that its board lowered Chief Executive Officer James Gorman's total compensation for 2019 to US$27 million, from US$29 million in 2018, according to regulatory filings.

FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies before a House Financial Services Committeeon Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein/File Photo

NEW YORK: Morgan Stanley said on Friday that its board lowered Chief Executive Officer James Gorman's total compensation for 2019 to US$27 million, from US$29 million in 2018, according to regulatory filings.