James Gorman, Morgan Stanley
2011 Compensation: ~$13 million
Morgan Stanley (NYSE:MS) CEO James Gorman stepped into some tough shoes when he took the CEO chair in 2010. Gorman’s stock has soared over the years, and his compensation package of $13 million shows what the board thinks of his efforts — even if he “deferred” some of it during the year. Indeed, a 0.66% return on assets and 3.2% return on equity is a fine job — although a market loss of 44% to the stock and issues with the Facebook IPO might make some others think twice in 2012.