Von Aldo
Don't Mess with Sallie

Don't Mess with Sallie

Well, our friends at Bloomberg beat us on this: Sallie Krawcheck who heads up wealth management at SallieBoA/Merrill Lynch (NYSE:BAC) told its U.S. Trust advisors, if you're gonna walk, we're gonna pay you less. Sallie is gonna put you on "garden pay."

Says our "fren-emy" Hugh Son of Bloomberg: Bank of America Corp., which lost a U.S. Trust financial adviser with $5.9 billion in client assets to a rival in December, told some workers to sign agreements forcing them to go on reduced-pay 'garden leave' if they plan to resign."

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish