Current Events

Still not happy …

… but at least there’s a semi-reasonable explanation for the most widely reported statistic regarding 2010 compensation; one that I can live with if I have to. Now, if we could just get our stock back out of the doldrums and performing again, at least my worries about the future would diminish, even while I’m […]

Current Events

As Wall Street Rebounds, So Does Top Pay (but not mine)

NEW YORK (Dow Jones)–Morgan Stanley paid employees an average of $256,595 each in 2010, an increase of 7.5% from 2009. The firm set aside $16 billion for compensation and benefits last year, an overall 11% increase from the previous year as net revenue jumped 15%. Morgan Stanley has 62,542 employees, an increase of 3% from […]

Current Events

MS CEO calls for reforms (with limits)

The firm’s annual shareholder meeting was today … buried deep in the story from the Wall Street Journal were the following paragraphs regarding comments made by Morgan Stanley CEO James Gorman. In the meeting, a brisk one hour compared with Goldman Sachs‘ three-hour marathon, Mr. Gorman also said Morgan Stanley was committed to regulatory reform. […]

Current Events

Buy buy buy!

Combine one part nervous traders, one part Greek crisis and one part trader error. Stir in one part central bank complacency. Bring to boil. Panic. That combination produced one of the wildest days ever in financial markets, with the Dow Jones industrial average, at one point, down almost 1,000 points while the euro sank to […]

Current Events

Morgan Stanley Tops Profit, Revenue Estimates

Sweet … maybe I’ll actually get a raise this next year … Morgan Stanley profit blew past forecasts Wednesday, with revenue surging, mainly due to an increase in sales and trading revenues. Morgan Stanley’s net income per diluted share, including discontinued operations, was 99 cents a share in the first quarter, compared with a net […]

Current Events Life

Let’s talk compensation … and customer service.

You know what I find frustrating? From today’s Wall Street Journal: And now, for what you’ve all been waiting for: Morgan Stanley’s compensation totals: Sure, the bank’s swing to a fourth-quarter profit of $617 million gets all the headlines, but here at Deal Journal, our eyes naturally seek out the compensation line on that profit […]