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Morgan Stanley chief defends 25% pay hike

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Morgan Stanley Chairman and CEO James Gorman defended the 25 percent pay hike he was awarded last year - reportedly the highest among Wall Street chief executives - saying it was justified by the bank's performance.

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Morgan Stanley chief defends 25% pay hike

Morgan Stanley Chairman and CEO James Gorman defended the 25 percent pay hike he was awarded last year - reportedly the highest among Wall Street chief executives - saying it was justified by the bank's performance.