He’s yet to kill any former girlfriends employees (that we know of) but on John Thain’s life, it could come to that. From the one of three financial services firms hiring:
How about doing a bit about the absurd garden leave periods that Bank of Amerillwide is forcing on people. We have been trying to hire several sales people and across the board, and no one will let them go and release their U-5.
This is true. My b-school colleague got laid off in December and they won’t officially “terminate”.
But it’s coming soon – apparently by this Friday, everyone has to sign off on the bogus bonus plan in order to get released. So you’ll get screwed on that end in order to find Harriet Tubman and fight your way to your freedom.
Something about KL that just turns my stomach. Looks like a dumb hick to me, with a mean streak. Glad I’m nowhere near his organization. Just saying.
B of A will “let them go and release their U-5″.
The salespeople have to agree to forfeit the bonuses owed to them. It is simple extortion. Tell the salespeople you’ll make up the difference, and watch how fast they get their U-5s.
Too Quick, didn’t Reilly.
@ 2 I have to agree.
Too Ku Klux, didn’t Klan.
My gosh. Lewis and Thain really DO look like they’re made of plastic.
Gaspacino will hold a power lunch today in the Equinox mens locker room. Clothing optional.
U-5 = get KY ready.
Another reason NOT to work for BofA. That list keeps growing and growing…without real talent the company will eventually die
@9: they already ARE dead. Demoralized staff, no new business, massive future writedowns. If that is “living”, please define “dead”.
10 To be fair, is any other place (besides the usual suspects at 85 Broad) really doing that much better?
@11 – Yes.
similar scenario reported at Barclays
pour a little OE out for the people in Q&P
Why is that man orange?
@15 All Oompa Loompas are orange.
Too Fleet; didn’t Enema
Too Chuck; Didn’t Schwab – twice