Hope no one has invested in Morgan Stanley

[Dolan]

Leading economic indicators: In June, Co-President Stephen S. Crawford of the financial giant Morgan Stanley (who was installed in the job in order to ensure management ''stability'' during the company's currently shaky status with investors) signed a two-year contract at $16 million a year which allowed him, if he changed his mind, to resign and promptly collect all $32 million. A few days later, he resigned. The ''stability'' was needed at faltering Morgan Stanley because longtime CEO Philip J. Purcell had just been eased out, but his contract called for $113 million in severance pay.

[Skaught]

$113 million in severance. Jesus.

[Gimble]

Shoot I would take the work for a couple days and get $32 million for it.

[Skaught]

Seriously.....

What could you possibly constitute as "earning" $113 in severance?

Oh I was CEO - I had to speak in public and wear a tie....$113 million please.

[Ginsu]

Seriously.....

What could you possibly constitute as "earning" $113 in severance?

Oh I was CEO - I had to speak in public and wear a tie....$113 million please.

For keeping one of the board chairs warm :D