Morgan Stanley CEO to staff: ‘If you’re really unhappy, just leave’
James Gorman certainly didn’t sugarcoat his attitude toward disgruntled employees. Was he too blunt or refreshingly honest?
At least that’s what CEO James Gorman thinks of his staff who are aren’t happy with recent 20 to 30 percent pay-cuts among senior executives. He also limited cash bonuses. In this Bloomberg Television interview, he outlined three reasons his employees shouldn’t be upset with a smaller salary.
1. They’re “naïve” and should read the newspaper.
2. Compensation shouldn’t define their overall level of happiness. If it does, “you have a problem which is much bigger than the job.”
3. Life’s too short. “If you’re really unhappy, just leave. I mean, Life’s too short.”
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