• 02 Sep 2010 at 4:16 PM

Bonus Watch ’10: Girding Of Loins At Morgan Stanley?

By Bess Levin

From the mail bag:

“People quitting all over the place here. Lots of guys leaving sales/trading/research, mostly for hedge funds, probably because none of us are getting paid this year. Management setting expectations very low.

Comments (33)

  1. 1
    Posted by LordHumongous | September 2, 2010 at 9:37 PM

    Morgan Stanley is the fucking rake

  2. 2
    Posted by Guest | September 2, 2010 at 9:42 PM

    No bonus is the new not killing it

  3. 3
    Posted by Anonymous | September 2, 2010 at 9:48 PM

    Bess: have a wonderful b/day dinner (or whatev). You are the besst. xoxo

  4. 4
    Posted by Mack Attack | September 2, 2010 at 9:55 PM

    Wasn’t that long ago that MS was a clear #2 behind Goldman…gotta love Phil Purcell

  5. 5
    Posted by DickFuld | September 2, 2010 at 10:01 PM

    1st prize is a Cadillac

  6. 6
    Posted by Ultralong | September 2, 2010 at 10:31 PM

    hate to break it to ya, but we’re not exactly killin’ it in the HF world either

  7. 7
    Posted by Choadey Willard | September 2, 2010 at 10:43 PM

    Bess, don’t you ever gird your loins. EVER!

  8. 8
    Posted by erhm | September 2, 2010 at 10:46 PM

    BAML new #2

  9. 9
    Posted by Guest | September 2, 2010 at 10:50 PM

    What are the clients’ bonuses? Other than that, I have no concerns.

  10. 10
    Posted by Dave | September 2, 2010 at 11:29 PM

    A lot of the top sell-side traders are leaving for citadel. They pay extremely well, you get to work with some of the smartest people in finance, and Chicago is a much better city to live in than NYC.

  11. 11
    Posted by Dave | September 2, 2010 at 11:29 PM

    A lot of the top sell-side traders are leaving for citadel. They pay extremely well, you get to work with some of the smartest people in finance, and Chicago is a much better city to live in than NYC.

  12. 12
    Posted by eh | September 2, 2010 at 11:35 PM

    -Ken G

  13. 13
    Posted by StillaGuest | September 2, 2010 at 11:53 PM

    Any info on the CFA/MBA split?

  14. 14
    Posted by trojan | September 3, 2010 at 12:05 AM

    http://video.canadiancontent.net/2-ms-swan-lowered-expectations.html

  15. 15
    Posted by Tax Chick | September 3, 2010 at 2:05 AM

    This would explain the MS team begging to come work for me. The new killin’ it: Not being at MS.

  16. 16
    Posted by ex-CIG | September 3, 2010 at 2:16 AM

    can’t be that many. citadel doesn’t need legions of execution traders.

  17. 17
    Posted by Gfy | September 3, 2010 at 2:21 AM

    i hate faggots

  18. 18
    Posted by Guest | September 3, 2010 at 2:34 AM

    Bess I appreciate you.
    Hope you’re getting your mail bag filled tonight, so to speak.

  19. 19
    Posted by Monicker | September 3, 2010 at 2:49 AM

    Bess Levin’s Mail Bag is a National Treasure.

    -Guy who’s feeling obligatory.

  20. 20
    Posted by Ass | September 3, 2010 at 2:59 AM

    Citadel is a complete joke on the Street since 2008. Nobody is leaving anywhere for Citadel any more.

  21. 21
    Posted by Anonymous | September 3, 2010 at 10:31 AM

    2nd prize is a set of steak knives.

  22. 22
    Posted by anon | September 3, 2010 at 12:28 PM

    i call bs on this story. it should be “lots of MS people want to leave bc they got stiffed but no one is leaving because there’s no where to go”

  23. 23
    Posted by guestosaurus | September 3, 2010 at 12:35 PM

    probably you are not getting paid, cause you are in over-supply, which means there are not that many places to go.
    forehead. hand. smack.

  24. 24
    Posted by guest | September 3, 2010 at 1:47 PM

    Er…….Leaving…… or er…… let go?

  25. 25
    Posted by None | September 3, 2010 at 2:10 PM

    Same at Barclays…especially in equities. But they have a hiring freeze probably to protect the bonus pool

  26. 26
    Posted by MoneyReaper | September 3, 2010 at 2:33 PM

    Cadillac? No! I rather go for the steak knives!

  27. 27
    Posted by guest | September 3, 2010 at 2:47 PM

    Bess, “grinding” is spelled wrong in the title.

    -MS Quant

  28. 28
    Posted by seatadell | September 3, 2010 at 4:42 PM

    Fetching milkshakes for Ken.
    –buyside

  29. 29
    Posted by $15k is the new killing it | September 3, 2010 at 5:26 PM

    What are the #s for Morgan Stanley Smith Barney 3rd year financial advisers?

  30. 30
    Posted by Derivatives | September 3, 2010 at 6:09 PM

    This is not true. Every NYC finance guy i know would kill to work for citadel. In terms of compensation and prestige, it’s tough to beat.

  31. 31
    Posted by Anonymous | September 3, 2010 at 6:16 PM

    Thanks pmco. I did.

  32. 32
    Posted by Guest | September 3, 2010 at 6:55 PM

    the only people who think citadel is the most prestigious shop are the ones who still work there.

  33. 33
    Posted by Anonymousse | September 7, 2010 at 1:34 AM

    By the time these guys make it to the GS 25th round interview MS may not be around….. poor schmucks

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