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Morgan Stanley Bonuses Down again....

Started by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009
Discussion about
"Morgan Stanley has set aside $10.87 billion for compensation and benefits for the first three quarters of 2009, down from $11.97 billion in the same period last year" and last year was the bad year, of course.... http://news.yahoo.com/s/nm/20091218/bs_nm/us_morganstanley
Response by Rent_or_Buy
almost 16 years ago
Posts: 165
Member since: Feb 2009

but head count is down significantly

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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

which would make things even worse for re, no?

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Response by NYC10013
almost 16 years ago
Posts: 464
Member since: Jan 2007

Somehow the bulls fail to grasp that headcount being down is bad for RE. The fewer people who still have a job making more money per cap doesn't help real estate.

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Response by timonstreet
almost 16 years ago
Posts: 16
Member since: Dec 2009

First three quarters of last year were not so bad, right? It was really the fourth quarter that was a disaster.

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