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Bonus Watch '09: Morgan Stanley

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We thought harebrained schemes like this only came from the Swiss and Bank of Amerillwide but apparently Morgan Stanley has jumped on the clawback bandwagon:

Morgan Stanley has added a component to its compensation scheme for this financial year in which senior executives will have to forfeit stock awards if they fail to meet targets over a three-year period, a measure that further aligns rewards with long-term goals.

Morgan Stanley adds three-year stipulation to compensation [Financial News]