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.
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