/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;If you don&#39;t produce, you get nada.&lt;/p&gt;&lt;p&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/dloos/folders/Jing/media/06f7259a-488f-44a9-a4b0-34e5b78168e2/00000105.png&quot; border=&quot;0&quot; alt=&quot;&quot; width=&quot;235&quot; height=&quot;235&quot; align=&quot;left&quot;&gt;That&#39;s right, the firm is said to be handing out $0 bonuses to bankers &quot;who have failed to deliver.&quot; In addition, sources cited by &lt;em&gt;Financial News&lt;/em&gt; say that some Morgan Stanley employees are &quot;going to get zero bonuses in the hope that they clear out and make way for upgrading in 2011.&quot;&lt;/p&gt;&lt;p&gt;Morgan Stanley&#39;s is certainly an unheard of approach on Wall Street, where even the lowest of the low typically pull down at least tens of thousands of dollars in end-of-the-year comp for their efforts. Even so, you can bet that others will follow the firm&#39;s lead.&lt;/p&gt;&lt;p&gt;More times than not, when one bank employs a cost-cutting measure involving its employees (such as a salary cut, perk reduction or, in this case, a slashing of bonuses), others follow suit, thinking, &#39;If they can jam this down the throats of their bankers and traders, then so can we!&quot;&lt;/p&gt;

Derek Loosvelt

Article

Private Equity On-Cycle Hiring Is Faster, Earlier, and Wilder Than Ever

Investment Banking Internships for Summer 2027 Are Open: How, When, and Where to Apply

MBA vs. CFA: Which Pays Off More for Banking and Finance Professionals?

How AI is Changing Careers in Banking and Finance

The Library