Morgan Stanley Cuts Investment Bank Pay to 43% of Unit's Revenue

Morgan Stanley Cuts Investment Bank Pay to 43% of Unit's Revenue

Scott Eells/Bloomberg

The bank's total compensation cost was enough to pay each of the firm's 55,610 employees $149,631 on average for the six months, more than the $137,496 it set aside for each of the 58,627 employees a year earlier, figures released today show.