Morgan Stanley to defer bonuses for top earners

1 min read 15 Jan 2013, 10:21 PM IST

Reuters

Deferral applies to employees making more than $350,000, taking at least $50,000 bonus over a 3-year period

The Morgan Stanley building at Times Square in New York. Photo: AFP (AFP) — The Morgan Stanley building at Times Square in New York. Photo: AFP
**(AFP)**

New York: Morgan Stanley is deferring 100% of bonuses for top-earning employees, according to three people familiar with the situation.

The deferral applies to all employees, except for financial advisers, making more than $350,000 and whose bonuses are at least $50,000 over a three-year period, one of these people said.

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Published: 15 Jan 2013, 10:21 PM IST

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