Morgan Stanley Expands Reasons to Claw Back Executive Pay

2012-04-06 — bloomberg.com

Morgan Stanley can take back deferred cash-based awards if the managers cause "substantial financial loss on a trading strategy, investment, commitment or other holding originating either in the current year or in any prior year," the bank said. Long-term incentive awards can be canceled for cause, which includes failing to meet "compliance, ethics or risk- management standards."

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