Morgan Stanley trader said to sign 'his own death warrant'

From a $846,000 a year to just $116 a week

A highflying London-based trader went from a $846,000 a year to just $116 a week unemployment benefit when he was made redundant after complaining about his wages, a tribunal was told.

Morgan Stanley trader Benjamin Price claimed he 'signed his own death warrant' when he complained about his £518,000 a year salary, the tribunal heard.

Price, 39, said bosses at the American banking giant first reneged on a deal to match a pay and bonus offer worth $1.1m when he was headhunted by rivals Citigroup in 2010.

But bosses didn't make good on the deal the following year and instead cut his package from $875,000 to just $850,000 blaming the global financial crisis, the hearing was told.

Morgan Stanley denies the claim.

Hit the link below to access the complete Telegraph article:

Morgan Stanley trader: I signed my own death warrant when I complained about £518,000 salary

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image: © lj16

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