According to Dealbreaker, outgoing Morgan Stanley CEO John Mack told employees he's not taking a bonus this year "citing market conditions and the extraordinary assistance the government lent to the banking industry... Mr. Mack has now foregone a bonuses for three years in a row, and last year, he received no raise, bonus or stock options. Since becoming chief executive in 2005, he has taken all of his bonuses in Morgan Stanley stock, not in cash." The Deal Journal says don't feel bad for Mack, suggesting that he's probably cashed in the tens of millions he's earned in stock since 2005.