Morgan Stanley CEO James Gorman is now the highest-paid bank executive in America following a 22% raise amid a record year for the company

Morgan Stanley CEO James Gorman was paid $33 million in 2020, the bank said in a filing Friday. Gorman's pay rose by 22%, making him the highest-paid CEO of a major US bank, Bloomberg reported. Morgan Stanley posted record earnings on the year and avoided cutting jobs, unlike its competitors.