Updated Wednesday, May 27, 2015 as of 7:53 AM ET

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Morgan Stanley CEO Pay Said to Fall Excluding New Incentive

Michael J. Moore, Christine Harper and Donal Griffin

Morgan Stanley gave Chairman and Chief Executive Officer James Gorman a compensation package for 2012 thatís 30% less than his 2011 award, excluding a new incentive package, a person familiar with the decision said.

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