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.”