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Morgan Stanley is Hiring...

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July 30, 2008 – Comments (1) | RELATED TICKERS: MS

What a farce, just a new way to line the pockets of a few at the expense of the many...

http://www.reuters.com/article/businessNews/idUSWEN710120080730

If they've laid off so many people, the work that has to get done is going to have mistakes.  Dumb, dumb, dumb, dumb.  There is an enormous over supply of workers out there.  They need to trim their executives and put the money where the work gets done.

1 Comments – Post Your Own

#1) On July 30, 2008 at 11:55 PM, StockSpreadsheet (69.03) wrote:

Yeah, a company writing off billions lays off some workers to save money and then hires a bunch of overpriced executives and pays everyone big bonuses.  They even hire an executve from a scandal-ridden company.  Just shows what quality pervades Morgan Stanley.  I guess they figure since they can get free money from the Fed, they don't have to worry about workers, ethics or any of those other things that were so important in prior years.  They just need to come up with new derivatives and other toxic waste products to sell so they can keep paying big bonuses to their executives while shafting their customers with toxic products.  Wouldn't it be funny if the customers finally got wise and refused to buy any of the toxic products?  What would MS do then?  Probably cry to Paulson that the market was being mean to them and ask for more federal largess in return for their standard bribes and campaign contributions, not to mention the offering of executive positions to the regulators once they leave office, (a standard bribe tactic).

Hopefully, MS will take a huge cut in sales, stock price and market share over these shenanigans.  

Craig 

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