Friday, May 3, 2013

Top firm Gets 'F' Grade For Compensation

Morgan Stanley shareholders should vote against the bank’s executive pay plan in an advisory ballot this month, shareholder-advisory firm Glass Lewis & Co. told hereisthecity.

Bloomberg reports that Morgan Stanley gets an ‘F’ grade in tying executive compensation to performance, as the New York-based firm paid better than peers while performing worse, Glass Lewis said Wednesday in a report.  That compared with a ‘D’ for 2011….

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