Morgan Stanley Said to Follow Goldman Dumping Numbers in Reviews
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Morgan Stanley bankers will be getting something new in their next performance review: adjectives.
Instead of the 1-to-5 scale the investment bank has long used for ratings, supervisors will be asked to pick words that describe each employee, according to a person with knowledge of the matter, who asked not to be identified discussing company policies. The changes follow a similar switch at Goldman Sachs Group Inc., which told bankers last month that it was scrapping a system that scored employees on a nine-point scale in favor of one more focused on strengths and weaknesses.