Bonuses Up, IQs Down At Morgan Stanley
Bonuses out of Morgan Stanley will increase from $8.39 billion to $9.93 billion this year. The extra spending money will serve MS employees well, when they're all fired to make up for a near-$10 billion writedown. Taking one for the team is CEO John Mack, who will reportedly be pulling a Jimmy Cayne and forgoing his pile of unmarked twenties this year, and however unlikely, we move that for this statement alone, CFO Colm Kelleher should be stripped of his bonus, too, or given his plus Mack's, I can't decide: "If you were to normalize our business and take out this $9.4 billion charge, you would see that we had a record year across the whole enterprise."
Morgan Stanley Bonus Pool Rises as CEO Forgoes Pay [Bloomberg]
Comments
brilliant (npi)
Posted by: Anonymous | December 19, 2007 03:20 PM
this site is so much better without carney.
Posted by: Anonymous | December 19, 2007 03:32 PM
By now we all know that "carney wears condoms"... I wish his father had as well.
Posted by: Anonymous | December 19, 2007 03:43 PM
Carney uses a Rattlesnake as a condom.
Posted by: slimjim | December 19, 2007 04:10 PM
bess = carney
Posted by: bessarny | December 19, 2007 04:22 PM
carney = bess
We've seen him on TV, but Bess remains mystery girl. What ever happened to that promise of someones roommate bringing home the Pingry yearbook from Thanksgiving break?
Posted by: Anonymous | December 19, 2007 04:25 PM
Lads. You are all acting insane. Don
't worry about C, BSC, LEH, GS et al .
Don't you get it. They all take care of each other! Go long on any of these monkies, I guarantee you will make money. Its like a XMas gift. Scoop it up lads.
Posted by: JorgeCAD | December 19, 2007 07:13 PM
Other than that Mrs. Lincoln How was the show?
Posted by: malachy | December 19, 2007 08:31 PM
If you normalize my cash flows net of the bills and probable alimony and child support, I'd be able to afford to go out with Bess.
Fortunately, I can just watch Anonymous posters who can't figure out how to use DB Video falling all over themselves, and hope that she finds happiness with CajunBoy.
Posted by: Ken Houghton | December 20, 2007 02:43 PM