• 19 Oct 2011 at 11:38 AM
  • Banks

Bonus Watch ’11: James Gorman Doesn’t Want To Talk About It

By

In his tenure as CEO of Morgan Stanley, bonuses have been a bit of a sore spot for James Gorman. Last year he swore to god that he would “personally escort” anyone caught leaking numbers out of the building, earlier this month he was said to have suggested that things will be way, way down from last time around, and now? He can’t even look at you.

“FYI, preliminary comp discussions (usually happens around now) have now been pushed back to mid-November. Presumably not a good sign.”

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Comments (53)

Older Comments
  1. 1
    Posted by AIG Quant via LEH | October 19, 2011 at 11:49 AM

    Things are looking up! 100% raises all round! 100% on $0 is still $0. But it's an increase …

    Any openings at UBS?

    - JG

  2. 2
    Posted by Guest | October 19, 2011 at 12:07 PM

    Can I DVA my bonus?
    -MSSB MD

  3. 3
    Posted by FKApmco | October 19, 2011 at 12:15 PM

    On this morning's earnings call, Jimmy to G said he would be balanced and reward people who deliver differential vaule but he needed to weigh that against acceptable returns to shareholders.

    And by that he means "mate, mate, mate….expect to be 50% down"

  4. 4
    Posted by jerseyshorepatrol | October 19, 2011 at 12:30 PM

    In Soviet Russia talking about it is bonus!

  5. 5
    Posted by Master of None | October 19, 2011 at 12:31 PM

    on the bright side, MS has reserved 49% of revenue for compensation YTD, versus 40% last year (total accrued comp +14% ytd), so as long as nothing gets fucked in 4Q, they could conceivably pay people this year.

  6. 6
    Posted by Deutsche Bank | October 19, 2011 at 12:46 PM

    Don't mention the war.

  7. 7
    Posted by Wide Clops | October 19, 2011 at 12:47 PM

    Yes, I am still here.

  8. 8
    Posted by 2_Small_2_Bail | October 19, 2011 at 12:51 PM

    I think you missed a letter here. I always get a bonus for DVDA.

    -J. Jamieson

  9. 9
    Posted by DingALing | October 19, 2011 at 1:37 PM

    Anyone caught leaking numbers will be thrown into the lions cage that is the OWS movement.

  10. 10
    Posted by Ooooh Yeah | October 19, 2011 at 1:45 PM

    …and then a giant grizzly bear wearing a James Gorman costume tore through my tent and assaulted me in places I didn't know I had.

    UBS Girded Loin Quant

  11. 11
    Posted by nachocheese | October 19, 2011 at 1:49 PM

    tie me kangaroo down, sport….tie me kangaroo down….

    Bonus of Fosters Oil Can is the NKI….notice that only a "g" separates Bonus and Bogus??????

    Bonus is temporary…..Bogus is forever….

  12. 12
    Posted by 2whale2whale | October 19, 2011 at 2:05 PM

    You are so cute.

    -UBS MD

  13. 13
    Posted by nachocheese | October 19, 2011 at 2:06 PM

    we delay the comp chatter for a month to prepare the masses for the gulag….then we talk table scraps for the rest..

    Peggy, your new HR manager

  14. 14
    Posted by Guest | October 19, 2011 at 2:12 PM

    So is idiocy

  15. 15
    Posted by GMAT | October 19, 2011 at 3:50 PM

    A: nachocheese does not work for MS
    B: nachocheese is the reason MS bonuses will be nonexistent

    A) A only
    B) B only
    C) A & B
    D) neither A nor B

  16. 16
    Posted by Guesticles | October 19, 2011 at 3:59 PM

    Que?

    -Manuel

  17. 17
    Posted by Guester | October 19, 2011 at 4:30 PM

    Do you know anyone fom Delaware?

  18. 18
    Posted by Guest | October 19, 2011 at 5:40 PM

    What kind of boots are you wearing? Are you "in the mood?"

  19. 19
    Posted by Ken Lewis | October 19, 2011 at 8:05 PM

    UBS sucks…..oops wrong bank….on MS sucks!

  20. 20
    Posted by 25th Hour Trader | October 19, 2011 at 9:55 PM

    Dear indentured ser-uhhh-valued employee,

    We would like to remind you during these uncertain times that unlike some of our peers, there are NO questions surrounding this year's comp. That's b/c there is none and there never will be. God bless America and more importantly the greatest city in the world (Stamford).

    -UBS Officer in charge of reality gut checks

  21. 21
    Posted by guest | October 27, 2011 at 1:13 AM

    Bad news and bad management… reminds me of Hitler after Stalingrad –sure all is great on the eastern front…

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