Non-Morgan Stanley Employees Will Not Be Receiving Bonuses From Morgan Stanley This Year

Posted by Bess Levin, Oct 18, 2007, 11:40am

Laid-off second year analysts at Morgan Stanley are said to be receiving sixth months of salary severance, which seems pretty nice, though not as nice as an actual job. No pro-rated bonuses, because apparently they received their first ones in August. Anyone know what the non-minion packages from Morgan look like, or what the other banks are giving out? The stingy bastards at Credit Suisse are rumored to be offering vouchers to Shake Shack, but they’re only good for the next week, and for only $3.50, which doesn’t even cover the cost of a Shackburger. Maybe JP Morgan and Bear Stearns are being more generous.

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Posted in: Layoffs, Morgan Stanley

Comments

Posted by mea culpa, Oct 18, 2007 11:46AM

I take it all back. You actually came through with the info.

And a shackburger is a great deal at any price

Posted by , Oct 18, 2007 11:49AM

how are you going to make it up to her, mc?

Posted by Spin Doc, Oct 18, 2007 11:50AM

"Lay-offs" is the wrong term. It's "right-sizing". After all, people are our most important asset.

Posted by insidetrack, Oct 18, 2007 11:51AM

structured credit ppl are being given 3 months + a pro rata bonus for MD level positions.

Posted by mea culpa, Oct 18, 2007 11:53AM

Dunno, I don't attack her spelling or grammar so I can't lay off there.

Maybe I will contribute to her bonus by clicking on the Donald's book ad.

Posted by , Oct 18, 2007 1:12PM

mea culpa:

You are done. 6 Shackburgers at 500$ a pop. Just give me the wiring information and i'll send over your burgers. (Stupid ordering limits)

Posted by , Oct 18, 2007 1:24PM

Anyone know which MDs were laid off and how much severance they were given ?

Posted by , Oct 18, 2007 1:26PM

david warren

Posted by , Oct 18, 2007 1:27PM

http://www.dealbreaker.com/2007/10/post_551.php

Posted by , Oct 18, 2007 1:56PM

@ 1:12 is that really best execution? come on.

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