We love what we do. If you gave me no bonus in the best years, I would still be here.
John Mack, CEO of Morgan Stanley, in testimony before the House Financial Services Committee, February 11, 2009
When Mr. Mack rejoined Morgan Stanley in June 2005, he was awarded stock worth $26 million on day-one, and a further $13 million in compensation and benefits for his first five months of work.
In December of 2006, Mr. Mack was awarded a bonus of $40 million on top of his $1.4 million salary.
$80 million over two years. That’s a lot of love.