Sunday, September 2, 2012

A Bunch Of Big Advisers At Morgan Stanley Might Leave The Firm For A Totally Embarrassing Reason



This just looks bad on Morgan Stanley.  Reuters reports that around 40-48 advisers at the bank (who run tens of billions of dollars) are thinking of leaving the firm because of "widespread technology problems that have made it difficult to do their jobs."

They're so serious about this that they hired a lawyer to help them work out a deal so they can keep their pensions. They even allegedly wrote a letter to CEO James Gorman. Not that Gorman hadn't been warned…..


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