Morgan Stanley will pay cash bonuses to branch support employees at its Morgan Stanley Smith Barney unit who worked extra hours to remedy disruptions caused by a new computer system, a person briefed on the decision said.
The one-time payouts range from $1,500 to $5,000 for thousands of the brokerage's workers, said the person, who asked not to be identified because the payments weren't publicly announced. Dow Jones reported the plan yesterday.
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