Morgan Stanley (MS) 10-Q2005 Q2 Quarterly report

Filed: 8 Jul 05, 12:00am

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Removed: achieved, alleged, alleging, Andersen, approved, Arthur, Asia, certificate, consideration, contemplated, expand, fleet, incorporation, Indah, Indonesian, inflationary, inin, inStarr, intend, Kiat, limit, liquidated, meeting, mix, moved, NW, proceeding, PT, ranged, realize, seeking, slowdown, strength, submitted, varied, vigorously

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Exhibit 10.2

Base Salaries of Co-Presidents

On March 28, 2005, Stephen S. Crawford and Zoe Cruz were named Co-Presidents of the Company. The Compensation, Management Development and Succession Committee of the Board of Directors of Morgan Stanley had previously approved a 2005 annual base salary of $300,000 for each or Mr. Crawford and Ms. Cruz.