Bad News Bonus
It has recently been announced that Morgan Stanley will, once again, defer additional compensation this bonus season.
"Morgan Stanley is deferring 100 percent of the bonuses for high-earning employees, according to three sources familiar with the situation. The deferral applies to all employees, except for financial advisers, who make more than $350,000 annually and whose bonuses are at least $50,000, one of the sources said. The deferred bonuses will be paid out over a three-year period. Employees who make less than $350,000 annually and whose bonuses total less than $50,000 will receive their cash bonuses in February, the source said."
Perks being cut across the Street are nothing new these days. What do you guys think? Worth it?
http://dealbreaker.com/2013/01/bonus-watch-13-morgan-stanley-is-going-t…
Pretty much the reason bulge brackets will cease to have any meaningful ibanking in a few years. Every decent banker on the street is moving to the Centerviews, Evercores and lazards of the world.
It may annoy employees but it will benefit the firm over the long run. I doubt they will lose anyone because of it.
Bonuses are up across the board this year... Who cares if they are deferred? They are just trying to avoid paying taxes.
I would definitely wait 2 months for 5% more money. Shit, if Bill Ackman can't return 5% in 2 months, no one can.
There are many investors that can generate a larger return than bill ackman.
I agree, I'm happy to wait and get the full amount, I'm not gunna lose my job any time soon.
really? you're not losing you're job any time soon? are you unemployed or something? do you work for the government? i'm confused.
and isn't it 4 payments over 3 years? what's the PV? probably shitty.
Not sure if I'm understanding their language correctly.
>$350k & >$50k = deferred over 3 years $350k & $50k = February
So what about analysts($350k & >$50k)? Or have MS bonuses gotten that bad? lol
Thank god I am getting out of an investment bank and going to a prop shop
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