You are here

Morgan Stanley to defer more bonus pay for brokers

Saturday, November 15, 2014 - 05:50

BT_20141115_DEFER15_1368767.jpg
LOOKING AHEAD: The firm's 16,000-plus brokers, who have not yet been told of the 2015 formula, will have from 1.5 per cent to 15.5 per cent of their cash and stock bonuses deferred, said a source familiar with the plan.

New York

MORGAN Stanley, the world's largest brokerage firm, fired the first shot in Wall Street's pay formula wars by telling brokers more of their pay will be deferred in 2015 than in the past.

The firm's 16,000-plus brokers, who this week were mailed their 2014 bonus totals, but

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom