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

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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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Since taking the reigns at Morgan Stanley in 2010, CEO James Gorman has guided the firm with a managerial style that boils down to telling people, more or less: You'll get it when you've earned it, "it" being anything from personal space to money to his respect. On the point of compensation, last year he told employees complaining about what they were paid to either open a newspaper and get over themselves or do everyone a favor and quit. Today brings news that this year, he's doubling down on that mandate and daring anyone to make something of it.