Morgan Stanley is poised to revamp pay plan, sources say

12/29/2009 | Wall Street Journal, The

Morgan Stanley is planning a compensation system for senior executives that would include deferring more of their pay over time, as well as benchmarking their compensation against other firms, sources said. "Morgan Stanley's board and management clearly understands the extraordinary environment in which we operate and, as a result, have made a series of changes to the firm's compensation practices," said Thomas Nides, chief administrative officer at the investment bank.

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