Morgan Stanley CEO John Mack received some decent press recently when he made clear that he would not accept a bonus for what was a dismal 2007. But that doesn't mean he didn't make a whole lot of dough. CNNmoney.com notes that he made $41.3 million in 2007, $800,000 in salary, $336,000 from deferred compensation, $400,000 in perks (mainly the use of the company jet), and the remaining $40 million from stock and options grants (most of which are yet to vest in all likelihood). All in all, he didn't suffer. If the stock continues to tank, the value of those grants decline, of course. For most guys at that level, reputation matters as much as fortune. You can bet the top guys are plenty motivated to change their legacy.  

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