Morgan Stanley earns a 'D' on executive pay

Major proxy advisor says the US bank 'has been deficient in aligning pay with performance'

Morgan Stanley drew another harsh report card from one of the major proxy-advisory firms, which handed the investment bank a “D” grade for linking its executive-pay practices to its performance and recommended shareholders vote against the re-election of a board member.

A second major proxy adviser urged shareholders to support both the top officers' pay and its directors' reelection bid.

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