Courtesy of Morgan Stanley
- Morgan Stanley is giving $20 million bonuses to its incoming CEO and the two other candidates.
- Ted Pick was named as the bank's new CEO, and rivals Dan Simkowitz and Andy Saperstein were both promoted.
- Morgan Stanley said the awards would ensure "that each executive continues their outstanding leadership in their new roles.
Morgan Stanley is giving $20 million bonuses to its incoming CEO and the two other executives who missed out on the top role.