Jimmy John's was planning on doing an IPO with Morgan Stanley leading it, but at the last minute he got cold feet and backed out completely.
How does something like this affect Morgan Stanley, especially the employees that were working on the deal?
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All "Wall Street" guys are scrubs anyway
This kind of stuff can happen all the time, albeit generally with less high-profile companies. Given MS' existing reputation, it shouldn't be a big deal. And no one's gonna know which specific employees were on the IPO, unless they say it themselves. Besides, it's not their fault Jimmy John's backed out.
Would it affect their bonuses? And do they just go onto the next thing immediately or is there any idle time between deals? I know that's probably a silly question.
It would only affect their bonuses from the standpoint that if the IPO had gone through, they would have had bigger bonuses. Since it's not directly their fault, their bonuses shouldn't explicitly be negatively affected. And yes, they'll probably just move on to the next mandate, since MS always has something in the pipeline.
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