Morgan Stanley (NYSE:MS): Current Price $20.64
Morgan Stanley (NYSE:MS) will pay 2012 bonuses to its employees in four equal instalments spread between the first one in May and the last in January 2016. The deferred pay method carries a risk for employees who either quit or are laid off before the payments are completed. It is also likely to curb traders and investment managers from indulging in risky trades that could result in clawbacks of the deferred compensation. The decision is not likely to be welcomed by employees who may need to temper lifestyles, or defer purchases of houses and cars.