Morgan Stanley (MS)

Morgan Stanley plans to change how top executives are paid, with more compensation possibly deferred and tied to stock benchmarks.
The investment bank is the latest Wall Street firm to bow to increasing pressure from shareholders and Washington to scale back lavish compensation packages as the country digs out of a prolonged recession; one for which the financial industry shoulders much of the blame. Earlier this month, Goldman Sachs announced its top 30 executives would not get cash bonuses this year and instead receive deferred stock compensation.

Jan 1 · 3:18:00 PM · Source: CBS News
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto