Morgan Stanley can now hold back a portion of employee bonuses for three years, and deduct any for conduct that is "detrimental to the firm."
What took you guys so long?
http://www.iht.com/articles/2008/12/09/business/09pay.php
We imagine all of what is left of the large banks will follow the same model. After all:
1) the bnaks are there to make money
2) contrary to losing their top talent, where are all of thse professionals going to go? Hiring is slim these days.
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