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Morgan Stanley Execs Told to Expect Bonus Cuts in 2011

Photo Courtesy -- Getty Images(NEW YORK) – Morgan Stanley has put their executives on notice to budget for fewer bonuses as the securities firm deals with a makeover in a turbulent market.

According to The Wall Street Journal, executives were told they would receive 10 to 20 percent less in bonuses next year, although those values may change over the next several weeks if revenue surges in the final weeks of 2010.

Executives won’t be given the final word on their bonuses until January.

Copyright 2010 ABC News Radio

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