Morgan Stanley's Gorman: Complaints on Pay Cuts 'Naive'

Morgan Stanley Chairman & CEO James Gorman spoke with Bloomberg Television's Erik Schatzker at the World Economic Forum in Davos, Switzerland. Gorman said he would tell an employee who is unhappy with recent compensation changes at Morgan Stanley, "I say, you're naive. Read the newspaper, number one. Number two, if you put your compensation in a one-year context to define your overall level of happiness, you've got a problem which is much bigger than the job. And number three, if you are really unhappy, just leave."