Order Is Restored To The Merrill Lynch Universe - Dealbreaker

Order Is Restored To The Merrill Lynch Universe

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Known inside Merrill as the “wellness initiative,” Thiel has been advocating his employees embrace a New Age cultural lifestyle that includes meditation and drinking wheatgrass and cucumber juice during firm gathering...But at the meeting on Tuesday night, without Thiel present, the old Thundering Herd, as Merrill’s brokers are known, was back on display. Speeches from management included testimonials about veteran brokers, and remarks about financial markets. Also noticeably absent: Any trace of wheatgrass or cucumber juice on the menu, or any of the so-called wellness gurus or new age lifestyle experts Thiel featured at past events. Instead, brokers feasted on “meat, potatoes and booze,” according to one person who was present. “It’s the way you’re supposed to feed the Thundering Herd.” [FBN, related, related]

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