Bonuses Up, IQs Down At Morgan Stanley

Posted by Bess Levin, Dec 19, 2007, 3:16pm

Bonuses out of Morgan Stanley will increase from $8.39 billion to $9.93 billion this year. The extra spending money will serve MS employees well, when they're all fired to make up for a near-$10 billion writedown. Taking one for the team is CEO John Mack, who will reportedly be pulling a Jimmy Cayne and forgoing his pile of unmarked twenties this year, and however unlikely, we move that for this statement alone, CFO Colm Kelleher should be stripped of his bonus, too, or given his plus Mack's, I can't decide: "If you were to normalize our business and take out this $9.4 billion charge, you would see that we had a record year across the whole enterprise."

Morgan Stanley Bonus Pool Rises as CEO Forgoes Pay [Bloomberg]

0Recommend this! 8Comments
Posted in: Morgan Stanley, yes, great idea. just 'take it out.' be like it never happened.

Comments

Posted by , Dec 19, 2007 3:20PM

brilliant (npi)

Posted by , Dec 19, 2007 3:43PM

By now we all know that "carney wears condoms"... I wish his father had as well.

Posted by slimjim, Dec 19, 2007 4:10PM

Carney uses a Rattlesnake as a condom.

Posted by bessarny, Dec 19, 2007 4:22PM

bess = carney

Posted by , Dec 19, 2007 4:25PM

carney = bess

We've seen him on TV, but Bess remains mystery girl. What ever happened to that promise of someones roommate bringing home the Pingry yearbook from Thanksgiving break?

Posted by JorgeCAD, Dec 19, 2007 7:13PM

Lads. You are all acting insane. Don
't worry about C, BSC, LEH, GS et al .

Don't you get it. They all take care of each other! Go long on any of these monkies, I guarantee you will make money. Its like a XMas gift. Scoop it up lads.

Posted by malachy, Dec 19, 2007 8:31PM

Other than that Mrs. Lincoln How was the show?

Posted by Ken Houghton, Dec 20, 2007 2:43PM

If you normalize my cash flows net of the bills and probable alimony and child support, I'd be able to afford to go out with Bess.

Fortunately, I can just watch Anonymous posters who can't figure out how to use DB Video falling all over themselves, and hope that she finds happiness with CajunBoy.

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