Bonus Watch Morgan Stanley

We found out a few days ago that Morgan Stanley planned to cap all bonuses at $125,000 (unless your base salary is under $250K.) Now, the dirty details are out at Dealbreaker.

From the front lines:

“Terrible across all divisions. FID, IBD, and even equities hard hit – lots of zeroes at junior levels. Lots of deferred cash and stock for more senior people.”

And:

Demoralizing is best word to describe bonuses this year. Many 0′s, average seemed to be down 20-30% YOY in S&T for VPs/EDs. Brutal day.”

About Beth Connolly

Beth Connolly is Head Editor, Writer, and Marketing Coordinator at the Compliance Exchange and the Wall Street Job Report. She tweets @Bethconnolly and shares her love of the good writing life at her blog, When Nutmeg Met Basil. A graduate of Middlebury College in Vermont, she works in Manhattan and calls Astoria home.

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