Morgan Stanley may cut bonus payouts – NY Post

Dec 6 (BestGrowthStock) – Morgan Stanley (MS.N: ) (Read more about the money market today. ) Chief Executive
James Gorman plans to take on the firm’s top-paid bankers and
may play “hardball” with bonus payouts this year, the New York
Post said, citing people familiar with the plans.

Gorman is bracing to have some “difficult conversations”
with bankers about scaling back their bonus money, the people
told the newspaper.

Compensation at Morgan Stanley could be down as much as 23
percent this year, the Post said citing estimates from Barclays
Capital.

Morgan Stanley could not immediately be reached for comment
by Reuters outside regular U.S. business hours.
(Reporting by Sakthi Prasad in Bangalore; Editing by Louise
Heavens)

Morgan Stanley may cut bonus payouts – NY Post