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James Gorman Keeping Employees In Suspense

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Despite just last month receiving the official word that bonuses will be down ten to thirty percent (at best) this year, Morgan Stanley employees have been girding their loins for the bad news since at least September. With a few weeks to go 'til real numbers are communicated, they're at the 'just rip it off already' stage. And bonuses are not the only thing they're waiting on.

"FYI, we also haven't heard anything on promotions (which normally happen before Christmas). Apparently they're going down around the same time as bonuses this year. Countering bad news with good or just giving out all the bad news at once?"

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