SUBSCRIBERS
Morgan Stanley to defer more bonus pay for brokers
Published Fri, Nov 14, 2014 · 09:50 PM
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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 have not yet been told of the 2015 formula, will have from 1.5…
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