By to | January 22, 2012 at 01:47 PM EST | No Comments
While Morgan Stanley's CEO James Gorman is granted a $10.5 Million bonus; about 10.5 million people are crying to wall street to help modify and make their home loans affordable. Many believe they are getting paid for doing their job poorly, but how do we know they weren't doing their jobs just as planned. Remember bonuses are usually given as a reward.
Reutgers via Huffington Post Overall, Morgan Stanley paid out $16.4 billion worth of compensation and benefits in 2011, which translated into $264,996 per employee. The figures were higher than the previous year because of severance costs from recent layoffs, higher pay for financial advisers and an unusually large amount of deferred compensation from previous years that came due in 2011...READ MORE