(Bloomberg) -- Wall Street's top leaders are getting smaller pay packages after shares of their companies slumped last year.

Goldman Sachs cut CEO Lloyd C. Blankfein's awards 4.2% to $23 million after the bank's shares fell 7% and profit tumbled 28% in 2015. Morgan Stanley lowered CEO James Gorman's pay by 6.7% to $21 million after the firm missed financial targets and the stock sank 18%, the worst performance among the six biggest banks.

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