Morgan Stanley Cancels Holiday Bashes

Reader Comments
Back to blog

Perhaps all those CEO's should have a party after all. It should be held down at Camp Gitmo, which should be their new home for an extended stay. Then, at least, all our money that we pay for that place, which has only benefitted contractors, would do some real good.

Watercloset of VT 11:00PM November 03, 2008

1st I want to say that the big wigs in investment banking firms shouldn't walk away with 30 million dollar bonuses but when you're talking about the middle management and support staff who had nothing to do with the greed movement, SHOULD NOT BE PUNISHED. I was one of those support staff and the bonuses were part of my compensation and depending on the job I did depended on how much bonus I got. That is like telling someone when they are hired that they will make $30m salary and because the boss screws up, you come back and tell me I have to be punished and we are only going to pay you $20m salary. It is not right and should not be done. Employees that work to keep these investment banks working don't make the money that the UPPER management makes and in return should be paid their salary without any pay cut.

Laura Bird of NY 5:09PM November 03, 2008

That seems like a pretty good idea though it seems like it'd be something that would go without saying/publicized. The economy is bad and may get worse. The stock markets are bad, the home mortgage and other credit systems are broken, the jobs situation could possibly continue to deteriorate. Who knows what else looms? You deserve a good news alternative. www.LikeSoup.com

Jim Campbell of CA 1:15PM November 03, 2008

keeping on.
I am completely stymied with the continued display of arrogance. Canceled Christmas parties, no bonuses, business class flights replaced with economy flights... Oh the horror.
Get a grip folks. The times changed the second you got those government funds. People are sick of hearing about $30M dollar bonuses, and $400M golden parachutes. That money keeping you afloat came from the taxpayer and we want our money back with interest.
No Christmas party? Can you feel my sympathy?

Lisa of FL 12:19PM November 03, 2008