Is Merrill’s Hiring Freeze Just The Tip Of The Iceberg?

By John Carney

That’s the claim of a Merrill Lynch banker who has written to Here Is The City, a financial news and gossip site based in Britain.
“I wonder what the implications really are, and am concerned that the freeze itself is just a marker which firm executives are putting down to signal that there are much tougher times ahead,” the banker writes.
The banker emphasizes that he has not “got it in for my firm” but speculates that the hiring phrase will last much longer than the anticipated 20 weeks. “[I]t will remain difficult to obtain additional headcount throughout 2009,” he writes.
The entire letter, including the requisite Stan O’Neal bashing, is on Here Is The City. (Thanks to Hilary Lewis at the Business Sheet, who brought this story to our attention.)

Comments (9)

  1. 1
    Posted by guest | August 18, 2008 at 3:39 PM

    first post.
    mayo.
    merril
    cock
    1977 lotus esprit turbo

  2. 2
    Posted by guest | August 18, 2008 at 3:48 PM

    Too long, didn’t read.

  3. 3
    Posted by guest | August 18, 2008 at 4:08 PM

    just the tip Bess, promise.

  4. 4
    Posted by guest | August 18, 2008 at 4:16 PM

    Mayo and Iceberg lettuce is great on a hot day.

  5. 5
    Posted by guest | August 18, 2008 at 4:22 PM

    @3– where?

  6. 6
    Posted by guest | August 18, 2008 at 4:41 PM

    I like putting a spoonful of Mayo into a tall glass of Ice Tea.

  7. 7
    Posted by guest | August 18, 2008 at 5:16 PM

    i recently used mayo to remove water stains on my table. Try that with catsup!

  8. 8
    Posted by bank_teller | August 18, 2008 at 5:19 PM

    this one is a toss-up by i think @1 takes it.
    p.s. — what’s a “hiring phrase”?

  9. 9
    Posted by guest | August 18, 2008 at 5:50 PM

    @5, Providence, Rhode Island?

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