disclosed. Fleming, 54, who was most recently president of Morgan Stanley Wealth and Asset Management, left the Wall Street firm last year after CEO James Gorman indicated he planned to stay on at least five more years and installed an older deputy in the bank’s No. 2 position, people with knowledge of the dec

top executives will receive nothing now, deferring their 2011 payouts until the end of this year. > The New York-based bank, run by Chief Executive James Gorman, will defer the portion of any bonus past $125,000 until December 2012 and December 2013, according to one of the people familiar with the matter.

each its apex at troubled companies. Greg is not like that," says Mr Cohen. Morgan Stanley was no walk in the park either. Hired in late 2009 by James Gorman, the new chief executive and a former colleague from Merrill, Mr Fleming steered the wealth division through a tricky merger with Citigroup's

John J. Mack, Morgan Stanley's chairman and chief executive from 2005 to 2009: "Your No. I client is the government." They report that current CEO James Gorman "phones Washington before making major decisions," and "About 50 full- time government regulators are now stationed at Morgan Stanley." 33 EFTA0061