Year end pay out changes at MS

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Sep 30, 2006 9:56 pm

if your producing less than 300k you will start to be squeezed. if you are doing 1 million or better there will be good incentives to stay! expect more trainees and slowing down on the recruiting! Dont say i didn't tell you!

Sep 30, 2006 10:10 pm

bad news for mikebutler.

Oct 2, 2006 9:32 am

Tell us something we didn't already know.

Oct 2, 2006 9:42 am
Elvis:

if your producing less than 300k you will start to be squeezed.


How could that be? We already fired all those people months ago, from what I've read here.


Seriously, "squeezed" is so loose a prediction that you'll be able to claim you were right no matter what happens. My guess is the penalty box will move up, but not to 300K and payout will not change at that level.


Elvis:

if you are doing 1 million or better there will be good incentives to stay!


Hasn't that always been true? A couple of things were added last year, like the productivity bonus, that play into that.


Elvis:

expect more trainees and slowing down on the recruiting! Dont say i didn't tell you!


Hmm, well, since there will be a new trainee program I would expect more trainees, but I doubt recruiting will slow down...

Oct 2, 2006 9:44 am
Helter Skelter:

bad news for mikebutler.



Too late for me, annuity-boy, they cut me six months ago when the sub-$300k guys were pushed out  

Oct 2, 2006 10:31 am

There's a Bloomberg blurb today about MS hiking bonuses to retain bankers and traders so I would not be surprised to see payouts cut in private client on under $300K.



Oct 2, 2006 10:39 am

More details please.

Thanks.

Oct 2, 2006 10:56 am

and what are these year-end payout changes at MS retail -- are you just making predictions, or has something actually changed?

Oct 2, 2006 11:07 am

That link's messed up so just do this:


http://www.bloomberg.com


Key in MS (ticker symbol) then hit "news." You should be able to access it if even if you don't have Bloomberg (at least today).


Oct 2, 2006 12:54 pm
ymh_ymh_ymh:


There's a Bloomberg blurb today about MS hiking bonuses to retain bankers

and traders so I would not be surprised to see payouts cut in private client

on under $300K.



I think this is what you're talking about, from yahoo;

link redacted



This was previously announced and doesn't mention payouts. We'll have to

see if the low end is cut in payouts at the expense of the top. You just never

know.

Oct 2, 2006 12:55 pm

er, uh, should read "if the top payout is increased at the expense of the bottom..."

Oct 2, 2006 12:58 pm

Thanks, Mike---I missed that one.


I haven't seen anything in writing yet on payouts being changed again in private client. If I do, I will post it.

Oct 2, 2006 9:18 pm

300k for every LOE? What will the cutoff be? 8+?

Oct 3, 2006 8:05 am
fired?:

300k for every LOE? What will the cutoff be? 8+?


If you're asking me I'd say I seriously doubt a cut at 300k. That would simply affect far too many people. There's an outside chance, imho, that the penalty box payout level might be moved that high for very senior LOSs, but I doubt that as well. I think currently that's at 200k, and I wouldn't be surprised to see it move to 250k for LOS 8 or so and above.

Oct 3, 2006 9:41 am

lowering the penalty box

Oct 3, 2006 11:11 am
doneMS:

lowering the penalty box


Why would they lower it?

Oct 3, 2006 12:11 pm

Mike...were you seriously cut or was that an attempt at humor?

Oct 3, 2006 1:01 pm
frumhere:

Mike...were you seriously cut or was that an attempt at humor?



Was it that bad an attempt?


Of course it was a try at humor. Not only would the cut not have affected me, there wasn't any (long prodicted) cut. 

Oct 3, 2006 1:04 pm
mikebutler222:
frumhere:

Mike...were you seriously cut or was that an attempt at humor?



Was it that bad an attempt?


Of course it was a try at humor. Not only would the cut not have affected me, there wasn't any (long prodicted) cut. 



Sales assistants don't get cut for production. They only get cut if they spill nail polish on their keyboards.

Oct 3, 2006 1:13 pm
Helter Skelter:
mikebutler222:
frumhere:

Mike...were you seriously cut or was that an attempt at humor?



Was it that bad an attempt?


Of course it was a try at humor. Not only would the cut not have affected me, there wasn't any (long prodicted) cut. 



Sales assistants don't get cut for production. They only get cut if they spill nail polish on their keyboards.



You sure have lots of time on your hands to post lame jokes and racial slurs, Dirk. Is it because  the regulators have shut you down?