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?

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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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