Short-term Incentives
From the Silly Economist column of The Smart Economist:
Pretty funny on the face of it. What is behind that arrangement? And why now (and not on August 2nd?)MORGAN STANLEY'S PROFLIGACY
On March 28, Stephen S. Crawford was appointed co-president of Morgan Stanley, an investment bank. Under an agreement reached June 30, Mr Crawford would receive a hefty $32 million severance package if he decided to resign by August 3.
- On July 11, Mr Crawford resigned... surprising, isn't it?
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