The meeting is said to be scheduled for 3PM, leaving the staff, Beamers girls, Morton’s bartenders and the guy who “sells a whole lot of brown-bagged bottles of liquor to UBS employees every evening” plenty of time to freak out that they’re going to potentially told the bank is leaving the state. Alternatively, those who dream of a giant Costco taking over the 100,300 square foot space will have the entire day to salivate over potentially pillaging delicious and moderately priced cheesecakes every day after work.
FYI: Hearing the 3PM meeting will be to announce everyone will eventually be moved to NYC or Weehawken with CT offices being closed. Some are saying by year end, others saying 2013.
That's why there's nothing in stock at my local Costco. They're sending everything to the new location opening soon.
I think the real question is whether they will have free relish and onions to go along with the hot dogs that inevitably 85% of customers purchase after they check out. and i'm not talking about that BS onion dispenser that gets stuck every time i try to use it. If not, then bring UBS back – no deal Costco.
Or 3500 staying behind with the potted plants?
Weehawken – where failed Investment Banks go to die.
– Unemployed By September
Meeting during market hours? Good timing. Get yer MOC orders in early.
What's there to talk about? Everyone knows that euthanasia is ultimately the answer.
Promotional flyers being printed for RBS Thursday Night Special…
So… does that mean they still suck?
-Guy who hasn't been employed since Lehman.
In unrelated news, Connecticut reached its quota for Honda registrations yesterday
We're all gunna die!
-CT Mayor Quant
I'm loading up on outs, personally.
NYC or Weehawken? Did I read that correctly? The whole point was for them to attract talent because of Manhattan. Throw them in a midtown office. Not that shithole in NJ.
God UBS sucks.
Some to NYC, where they already have midtown offices, and some to NJ, where they also have office. Not one or the other.
suspect Dealbreaker will have some egg on its face at 3:00 PM. Google the First Five program. Do you really think Malloy would show up to announce UBS is leaving?
Dealbreaker will have egg on its face because it reprinted a rumor that is going around UBS? And did at no time say "this is what's going to happen"? That's how that works?
Let's see, all the post does is say that there's a meeting at 3 and then passes on what the chatter at UBS is is, since, as the post says, it hasn't been announced and people are wondering. It's also tagged as a rumor, as in, DB is simply telling us what the chatter at UBS is this morning. At no time does DealBreaker in anyway definitely say what is going to happen. You use egg on one's face phrase- I don't think you know what it means.
Sounds like he's going to show up to announce they came in 6th….
"The “First Five” program is designed to attract large-scale business development projects by augmenting and combining the state’s best incentive and tax credit programs for the first five companies that create 200 new jobs within two years,"
I wish I could get fired from UBS
-That "in the know" guy from above
Texas sucks.
FUCK
With the close of UBS, we are preparing a sharp decrease in sales from our Stamford operations, but are hopeful that Bridgeport can carry the weight during this difficult transition.
- Old English 800 CFO
I would think its to inform CT about the proposed number of job cuts at UBS Stamford. CT employers have to notify the state about the number of cuts / job losses over a defined threshold.
UBS employees…sell your Stamford condos and homes before they drop another 50% now while you can. 1 in 3 high end homes and condos in Stamford are owned by UBS employees based on what some realtors have told me.
"Condor strangles" on thouse outs is a better trade
Calling up Bloomberg Radio right now to run some more ads ASAP.
well, Malloy DID tell everyone he had a deal with us before the vote…
ha ha…..that's what all you yankees say when you lose money!
That explains why I couldn't find any "Hai Karate" cologne!
The article has an interesting picture of the UBS "outplacement center"
-Ryan Bingham
Omaha Shitcanners
69 Dodge Street
Omaha, NE 68134
REAL QUESTION: Let's say an MD of several years gets laid off. Certainly he gets to keep any and all stocks and vested options. However, in the case of a layoff/firing does said MD get to keep all the future awards, non vested options , etc. ? If they quit they leave all that behind, but does it go down differently if the person is laid off?
You bidding bro?
high end=/stamford
REAL ANSWER: Yes, it does go down differently. If you're laid off they'll usually vest your unvested options as part of the severance package & you should get prorated bonus for the part of the year you worked. How generous the severance package is depends on the place, though.
If you're fired i.e. terminated with cause (as opposed to being RIF'd) it's a whole different ballgame– you forfeit all that stuff and get a nice little story on your U-4 to boot if you're registered.
Well played
Texas? Only steers and queers come from Texas, Private Cowboy.
FYI: Word is at UBS 3pm meeting CT officials will state that, "UBS sucks, always sucked, and will continue to suck".
Are you 1st or 2nd year analyst … there are 45 000 homes in Stamford ….and UBS Stamford has about 2200 employees … what a donut
no partial year bonus on a business all but losing money .. but yes all deferred comp vest ..
he is a quant. that should be obvious.
no. We say it when we make money too
The only high end areas in Stamford are called Darien, New Canaan and Greenwich.
The deferred vests over the same time period. If they have deferred your bonus for 2 years, you will get paid in 2 years. You don't get it up front. So, for us 2008 bonuses were deferred and paid out over 3 years (mid 2009,2010 and 2011). Many people fired in 2009 and 2010, and bonuses will be getting paid out to them until 2012. Oh – and they converted part of the "cash" portion to "shares" – after we left – and that promptly plummeted, so the "bonus" is worth about a third of what was promised in cash. But you're not there to complain !! hahaha! Even the Queen's corgis' shit gets treated better!
http://www.greenwichtime.com/default/article/Hear...
thank you . which would explain why some of these guys just wait around in hopes of being laid off instead of leaving on their own i guess
I thought they went to Long Island City
Hey!!
This is bad news for Trump Parc. 3 of their 4 tenants will need to move out.
- Guy who thinks a $750k, 1BR condo with a sweet view of the Target logo will give him an edge in the Stamford bar scene
So what happened in Stamford @ 3PM? did the Stay Puft Marshmellow Man make an appearance?
so it's now 3:45pm, we've all recovered from the earthquake, any news on the earth shattering news from CT?
(heh, did you see what i did there?)
The announcement was that there will be an announcement soon.
- Not a UBSer, just a BSer
UBS committed to keep at last 2000 jobs in Stamford for 5 years or until 2017 when lease runs out …
that's alot of windex slinging trash can empty'ers…
I siad high end = a subset of the total dipwad..now go put you $200k condo on the market
3200 – 2000 = 1200 moving /lost
I can now get my tires for my Civic installed.
- UBS MD