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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (41277)	11/16/2005 4:06:57 PM
From: ild	Read Replies (1) of 116555

SMITH BARNEY CUTS PAY FOR UNDERPERFORMERS New pay structure will lower commissions by three to five percentage points for low-revenue brokers in a move to stem rising expenditures and weed out underperformers. MORGAN STANLEY TO FIRE 25 SENIOR BANKERS About 25 senior bankers in Morgan Stanley's profitable investment-banking division are being laid off this week as part of new CEO John Mack's drive to repair profitability and increase efficiency, person with knowledge of layoffs says.

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