In: Equity, Dilution. Out: Wachovia Employees

Take solace, Wachovia shareholders whose stock is down ten percent! You’re not the only ones having a bad day—500 WB employees, mainly in Lev Fin and structured product groups just got canned.


Wall Street cuts for Wachovia [Crain's New York]

Comments

Posted by guest, Apr 14, 2008 3:08PM

hahahaha....maybe the WB hats can now be sold to Warner bros..'cause...thats all folks!!!!

Posted by guest, Apr 14, 2008 3:12PM

Who are the buyers?

Posted by guest, Apr 14, 2008 3:15PM

Your mom.

Posted by guest, Apr 14, 2008 3:23PM

get ready for bonuses to be back to 2002 levels and zeros for MDs

Posted by guest, Apr 14, 2008 3:34PM

I am willing to help hot young attractive female Wachovia employees who are seeking new positions. I can think of several you all might be interested in. I am willing to get behind you and push and push until you get a new job. Think of me and my associates as your new friends who can provide you with benefits.

Thadius R. Rogers
Hiring Manager/Evaluator of Talent

Posted by guest, Apr 14, 2008 3:38PM

Only 2 hours? I guess I'm above average working about 2 hours. I'm not kidding either.

http://www.foxbusiness.com/personal-finance/lifestyle-money/careers/article/salarycom-survey-employees-waste-2-hours-workday_290729_24.html

Posted by guest, Apr 14, 2008 3:46PM

any word on severance packages??

Posted by Investorcluzo, Apr 14, 2008 3:57PM

severance, are you talking about severance?
http://www.youtube.com/watch?v=eGDBR2L5kzI
I just hope the boys at the WB didn't read the wsj this weekend, because the guy profiled from bofa only got 5% of his bonus setting a bad precedent...doesn't bode well for the boys and girls working for the charlotte mafia...

Posted by guest, Apr 14, 2008 4:03PM

I believe "former" associates of the firm received a commemorative 2005 Wachovia Championship golf tournament program, offical Waschovia Bank security pen (real metal chain included), a half eaten doughnut, and a gift certifcate for 20 minutes at Happy Endings of Queens massage parlour (but only if they ask for Pat). That's what I've heard anyway.

Posted by guest, Apr 14, 2008 4:25PM

And speaking of government, industry, and science working together towards a common good:

http://news.yahoo.com/s/ap/20080414/ap_on_he_me/sludge_poisoned_land

No wonder I couldn't get decent service at the soul food restaurant I visited today. Just because I'm white! I was the restaurant's only white customer. I felt out of place.

Posted by guest, Apr 14, 2008 10:23PM

Is there some possibility that the folks at Wachovia who agreed to the Clear Channel debt committment might need work?

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