(Bloomberg) -- Morgan Stanley gave Chairman and Chief Executive Officer James Gorman a compensation package for 2012 that’s 30 percent less than his 2011 award, excluding a new incentive package, a person familiar with the decision said.

Gorman, 54, will get stock options valued at $2.6 million, according to a filing with the U.S. Securities and Exchange Commission. He also will receive a $2.6 million deferred cash bonus in addition to his $800,000 salary, said the person, who asked not to be identified because Gorman’s total pay hasn’t been announced.

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