Really low. Like lucky if you get a free cannoli low.
Sayeth Charlie Gasparino:
“Everything is not very good inside. It’s the end of the year, its bonus time. James Gorman is telling people to lower their expectations about 2011 bonuses. He is indicating they will be down from last year dramatically and some Managing Directors, the highest paid people, should get zero bonus this year…Morgan Stanley has no comment. ”
"I have not heard of a firm telling people they should expect zero bonus."
You've seriously never heard of UBS?
This would never happen at UBS, and by this I mean having expectations.
Gorman, you asshole!
Ellen Ripley – Aliens
This kind of thing happens at UBS all the time. It's no big deal.
I wouldn't exactly call a different jelly delivered to your door for 12 months a zero bonus.
–UBS MD
He was misquoted. He actually said, "I have never heard of a bank telling people they should expect zero bonus."
Hope that clears up the confusion.
Doctors should work in a hospital not for Morgan Stanley. Probably why they're not getting a bonus.
- UBS Managing Director
What do you mean times are bad? Everything is fine!
Wow, and all this time I thought there were 12 months in a year.
What's his pay? How about refunding all but $1 to the shareholders?
No, you're thinking of "12 ounces in a beer" – which coincidentally is about all you'll be able to buy with your bonus.
-MS Human Resources
My expectations are as low as DSK's standards.
-JPM Mist Analyst/ReUnion Bar Promoter
Does it hurt when you type with bongo blisters?
What's down from zero?
- Purchase College Alum '09
B.A. Statistics
M.B.A Music Therapy
Getting fired is the new "getting zero bonus", and getting a zero bonus is the new "thank God I'm employed".
$15.185mm in '10: 67% of which was in the form of stock. So, "returning money to the shareholders" isn't going to have much affect- save for the fact that if you jack the div it would lower his tax bill: which I'm assuming isn't the optimal outcome from your standpoint.
Car service for MDs will run between 0130 and 0430.
Directors will use yellow taxis beyond at 1 mile radius.
Associates will sleep at their cubicles, chained to their PCs.
Wayyyyy ahead of ya pal
Wait… they get to save on train tickets AND rent? Do you think they're hiring?
- UBS Associate
Think how much money Jimbo would save in ink expenses if he'd just shorten his first name to "Jim".
I find that doing god's work is all the bonus I need.
Ned Flanders
Goldman Sachs MD
Gorman is the biggest Putz on Wall Street. Total empty suit. I weep for the employees……poor wideclops…she's going to be very, very busy….
Thank god you get to work for a slave for $0 bonus?
Thank God I got blackballed from banking!!
Once everyone is paid the same as an MSSB advisor in Utah Jimmy's work will be done.
Just got a call from MS with a job offer for $1.5/yr. Bad times at MS?? Give me a break.
getting your bonus in greek bonds is the nki
Yeah, so MD's have lowered expectations. M.D.'s
thesidetrek.com
Honestly, they deserve it – and what else did anyone expect. That and everyone better get used to it — these firms are not going to be making much money, and rates/economy are going now-where anytime soon.
fesh jokes about MS and GS doughnuts >> tired jokes about UBS
Yea, no one ever makes money in a down economy….*looks at Paulson & Co. return % in 07-09*
oh wait…..