Concern had spread among some of Merrill Lynch’s 15,500 advisers that they would face curbs like those imposed by the bank’s U.S. Trust unit, said the people. The policy bans associates who leave from soliciting the firm’s clients for eight months, starting with a two-month garden leave. The term refers to workers who are ordered to stay home after they give notice, leaving them little to do other than gardening. “Contrary to press and recruiter speculation, there are no changes coming from Merrill Lynch Financial Advisors on any type of garden leave,” Krawcheck wrote in a Feb. 25 memo, according to the people, who asked not to be identified because the matter isn’t public. “Please put that one in the circular file.” [Bloomberg]

27 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (27)

  1. Posted by D. Peterson | March 10, 2011 at 8:29 PM

    ..but first make sure your grower buys his equipment off of me. I’m trying to IPO here in less than 5 years.

  2. Posted by Farmer_Pickles | March 10, 2011 at 8:32 PM

    I’m not sure why, because she isn’t especially hot, but I have an urge to plow Sallie Krawcheck’s field right now.

  3. Posted by Guest | March 10, 2011 at 8:39 PM

    Despiration is a shitty marketing strategy…

    –Commitee for pointing out the obvious

  4. Posted by NakedShort | March 10, 2011 at 8:41 PM

    Tits or GTFO.

    Please put that one in the circular file Sallie

  5. Posted by Dr. Rosenrose | March 10, 2011 at 8:52 PM

    “Yep, even before the Boone’s this is as big as it got.”

  6. Posted by The Cosmopolitan Man | March 10, 2011 at 8:56 PM

    Plowing chicks for sport has always been the NKI

  7. Posted by Chip | March 10, 2011 at 9:05 PM

    Smoking is bad for you.

  8. Posted by BigR | March 10, 2011 at 9:07 PM

    Dumb Ass Slore! Someone take this skank out and ring its sorry neck. I have never seen such a dumb policy in my life. If I weren’t so busy taking out Jimmy to the G I’d have to take her on…..but I’m busy!!!!

  9. Posted by HeyNow | March 10, 2011 at 9:31 PM

    Obviously Sallie has something stuck in her kraw, she should check.

  10. Posted by Mr. Market | March 10, 2011 at 10:06 PM

    The rumor is that Sallie gardens quite meticulously

  11. Posted by Anonymous | March 10, 2011 at 10:07 PM

    I really, *really* do not want to find out.

  12. Posted by Mr. Market | March 10, 2011 at 10:13 PM

    In the picture above, she is indicating with her fingers to what length she gardens. Now you’ve found out.

  13. Posted by Guest | March 11, 2011 at 1:46 PM

    it moved.

  14. Posted by Lord Humongous | March 11, 2011 at 8:16 PM

    “Ken’s anal bead tail was only this long, thats why he is no longer in charge.”

  15. Posted by Lord Humongous | March 11, 2011 at 8:16 PM

    “Ken’s anal bead tail was only this long, thats why he is no longer in charge.”

  16. Posted by Lord Humongous | March 11, 2011 at 8:16 PM

    “Ken’s anal bead tail was only this long, thats why he is no longer in charge.”

  17. Posted by Lord Humongous | March 11, 2011 at 8:16 PM

    “Ken’s anal bead tail was only this long, thats why he is no longer in charge.”

  18. Posted by HalfEmpty | March 13, 2011 at 12:35 AM

    If Krawcheck and BOA are so great why do they have to use dirty legal tricks like Garden Leave to get people to stay. This amounts to nothing more than an unfair hamstring by management over labor.
    Why is “at will employment” a one way street, Bank can fire you immediately but you have to give them notice ?

  19. Posted by NoMorePlease | March 13, 2011 at 12:39 AM

    You are correct. We have moved from a period of “innovators” in the 70’s and 80’s to two decades of “cost cutters”. This sector is hollowing itself out. There was competition, then repeal of Glass Steagall and deregulation created an oligopoly. All innovators repalced by cost cutters. Then 2008 Credit crisi created a cartel. They have no other way to increase rpofitability since “cost cutting” is over. They now want to legislate indentured servitude.

  20. Posted by Guest | March 22, 2011 at 12:55 AM

    She should consult with Michael Rubinoff re the Nuveen strategy-how to lose $800 million in 3 years!!!

  21. Posted by awdooledmol | April 19, 2012 at 11:29 AM

    LVU7a4 jmmaxompnnii, [url=http://aodpfunzdjxn.com/]aodpfunzdjxn[/url], [link=http://ipwspntnybuh.com/]ipwspntnybuh[/link], http://lsuimiljetmc.com/

  22. Posted by Bristol Airport Hotels | April 20, 2012 at 2:38 AM

    gwGiNS I truly appreciate this blog article.Thanks Again. Will read on…

  23. Posted by bigcat | September 4, 2012 at 8:13 AM

    An interesting dialogue is price comment. I think that you should write extra on this topic, it might not be a taboo topic but usually people are not enough to speak on such topics. To the next. Cheers

  24. Posted by red bottom boots | September 16, 2012 at 11:40 AM

    I was suggested this blog by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my problem. You are wonderful! Thanks!

  25. Posted by diablo 3 gold | September 16, 2012 at 7:00 PM

    Thank you for the sensible critique. Me & my neighbor were just preparing to do a little research about this. We got a grab a book from our local library but I think I learned more from this post. I’m very glad to see such fantastic info being shared freely out there.

  26. Posted by cheap wow gold | October 2, 2012 at 5:54 AM

    I am really delighted to read this web site posts which contains tons of valuable information, thanks for providing such information.

  27. Posted by wow gold | October 4, 2012 at 4:09 AM

    obviously like your web-site however you have to check the spelling on several of your posts. Many of them are rife with spelling problems and I in finding it very bothersome to tell the truth nevertheless I will definitely come again again.