The Wall Street Journal has an article today entitled, Mack and Thain Lose ’08 Bonuses.
We’re neither sympathetic nor antagonistic towards Mr. Thain, who has only been in his position for a year; so, we take no glee in his being shut-out. Hopefully, he’ll be able to make-do with his $750,000 salary, $15-$20 million signing bonus from late 2007, and his other accumulated wealth from his past executive positions.
What interests us in the article is the mention that Morgan Stanley plans to implement compensation schemes that include “claw… Read the rest
