Morgan Stanley Set To Slash 2017 Broker Bonuses With 10% Increase In “Pay Grid” Thresholds

Wall Street bonuses have been under pressure since the onset of the “great recession” as the demand for massively overpriced, Ivy League egos suddenly dipped well below supply. Unfortunately, the supply overhang still seems to be weighing on banker bonuses, a fact we’ve pointed out a couple of times this year.
While previous reports suggested that asset managers would fair better than trading and advisory bankers, an update from the Wall Street Journal indicates that might be changing in 2017. For the first time in a decade, Morgan Stanley has announced plans to raise their “Pay Grid” thresholds by 10%.

This post was published at Zero Hedge on Dec 5, 2016.