AGE WB deal sucks for some

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Jun 19, 2007 8:19 pm

Yep - That's right, I feel like I got crapped on.


1 1/2 years into production with trailing 12 of $95k


7 million in assets.


what did I get?


$1600 bonus every year for 6 years. That's 100 dollars a month salary.  That's $25 per week.  Thanks AGE.


Probably going to get a paycut. 


I'm locked into a training agreement - $75,000


So a 6 year broker with trailing 12 of $150,000 gets a $30,000 check.


I get 1/3 of that .... spread out over 6 years.


Someone, please someone, explain to me how this was a good deal.


Give me a logical argument, please.



Jun 19, 2007 8:33 pm

They spent a lot of money training you and are STILL spending money because you are not profitable.



Stop looking for what you don't deserve and grow your business.

Jun 19, 2007 8:37 pm

I figured you would say something like that - How can you say I don't deserve anything.



Why is it that companies (you may know these as stocks) get bought out when they are not profitable?


It's called a pipeline Ferris.  A Pipeline of Future Profits. 


It's called growth potential - And they crapped on it.


Something I don't deserve?? Why does the 6 year making $150k deserve anything - Even $200k?  Yyou don't think they're getting tapped out?  What are they paying them for??

Jun 19, 2007 8:39 pm

I'm not completely negative - I know this could be a good thing.  I am simply posting this as negative as possible.


I'm trying to way out the pros and cons.  The Cons are far outweighing it.


I'm Stuck.

Jun 19, 2007 10:30 pm
FreeLunch:

I'm not completely negative - I know this could be a good thing.  I am simply posting this as negative as possible.


I'm trying to way out the pros and cons.  The Cons are far outweighing it.


I'm Stuck.



One and a half years and you're only doing $95,000? They will fire you before you get a bonus. No offense, but you totally suck.

Jun 19, 2007 10:35 pm

No offense - I see you and Ferris trolling around on here trying to provoke people - cutting them down trying to make them feel like crap.


I know your type - You are the Condescending Pricks that speak over everybody's head didn't work for crap people.  You are NOTHING.  I KNOW you are nothing.  You probably look down on your clients - You probably truly have no friends.  You probably are so insecure you have to come on this site to belittle people & you have probably been a complete jerk your whole life.


Tell me I suck - Listen buddy - YOU suck.  Trying to tell a 25 year old that's been in the business a year and a half that a trailing 12 months of $95,000 sucks.


I tell you what sucks.  The 50% of my training class that is gone or has either quit.  What's your story prick?  What's your motivation?  What makes you sleep good at night.


I know your type - You are the type of people that make me look good.  I APPRECIATE YOU Mr. Hull.  Keep doing your thing.  I'll keep stealing your clients and squash you.  I appreciate you and I appreciate your attitude.  People like you are my motivation.


Thanks.

Jun 19, 2007 10:44 pm
FreeLunch:

No offense - I see you and Ferris trolling around on here trying to provoke people - cutting them down trying to make them feel like crap.


I know your type - You are the Condescending Pricks that speak over everybody's head didn't work for crap people.  You are NOTHING.  I KNOW you are nothing.  You probably look down on your clients - You probably truly have no friends.  You probably are so insecure you have to come on this site to belittle people & you have probably been a complete jerk your whole life.


Tell me I suck - Listen buddy - YOU suck.  Trying to tell a 25 year old that's been in the business a year and a half that a trailing 12 months of $95,000 sucks.


I tell you what sucks.  The 50% of my training class that is gone or has either quit.  What's your story prick?  What's your motivation?  What makes you sleep good at night.


I know your type - You are the type of people that make me look good.  I APPRECIATE YOU Mr. Hull.  Keep doing your thing.  I'll keep stealing your clients and squash you.  I appreciate you and I appreciate your attitude.  People like you are my motivation.


Thanks.



My trailing 12 makes me sleep well at night. You sound angry. You are a piker who should get fired for taking up space that could be given to someone who can produce.

Jun 19, 2007 10:49 pm

Trolling around trying to provoke people?  Your whiny bitch post was more of a troll than anything.


Stop looking to what pikers in your branch got and stop WHINING.


Tell you what, if you want to know how much you are worth, give Merill Lynch or any other firm a call.  Set up an interview and give them the details of your business.  The number they put on a piece of paper is what you are worth.


I agree that you are the future pipeline of production to the firm, but as part of your training agreement you AGREED to do that.  Now you're looking for more even after all the money they spent on you?  Don't be greedy.  Do your job, make your calls, and smoke those piker brokers in your office.

Jun 19, 2007 10:50 pm

Like I said - People like you are going to be the people that make me wealthy.


I told you, don't try and do battle with me.  No one here values your opinion anyway.


And yes, I am steaming a little bit.  I didn't sign up to get bought out and slung around like a corporate puppet. 


I think what makes you sleep at night is spilling your negativity on this forum.  When you go to sleep tonight, ALONE, ask yourself a simple question.


"I wonder who really gives a f*& about me."


Let me know!



Jun 19, 2007 11:01 pm

FreeLunch, 


Stuck?  Stuck???  Children in Darfur are stuck.  You are not stuck.  You are working for one of the best brokerages in the best country in the only known planet with intelligent life in the known universe.

I started in this business young, too.  Younger than you actually.  I always wished I was further along than I was, until I was talking to one of my collegues in his forties, and he said to me that he'd trade his book for my next twenty years in a heartbeat, and asked me if I'd make the same trade...and of course, no, I wouldn't give up the next 20 years of my life for any amount of money, let alone a stupid book of investment clients.

The point is, you can't help when you were born, you can't help when you were hired, and you can't make your bonus any bigger right now.  Quit, or don't.  But don't complain about what "bonus" you are or aren't getting...because in 20 years what will it matter???

BH, you're still a douchebag.

Jun 19, 2007 11:03 pm

Thanks BankFC


That's really the perspective I need to have.


I'm a pretty anxious person anyway, and this whole deal has me shook up.


Seriously, thanks for the advice.  You are right.



Jun 19, 2007 11:07 pm
Ferris Bueller:

Trolling around trying to provoke people?  Your whiny bitch post was more of a troll than anything.


Stop looking to what pikers in your branch got and stop WHINING.


Tell you what, if you want to know how much you are worth, give Merill Lynch or any other firm a call.  Set up an interview and give them the details of your business.  The number they put on a piece of paper is what you are worth.


I agree that you are the future pipeline of production to the firm, but as part of your training agreement you AGREED to do that.  Now you're looking for more even after all the money they spent on you?  Don't be greedy.  Do your job, make your calls, and smoke those piker brokers in your office.



FreeLunch....you probably don't want to hear this, but he's exactly right.

No offense, but at your production level you should be grateful that they threw you a bone.  It's good that you're growing nicely and have made it past the first 18 months, but you've got a while before you can run with the big dogs, junior.

Life isn't always fair.  Your timing isn't always going to be perfect.  Now stop whining and get back to work.

BTW- If you dropped the attitude and re-read Ferris' post I think he was trying to encourage you a bit....you're just too busy whining to see it.

Jun 19, 2007 11:13 pm

Thanks Joe.  And just because you agree with me doesn't mean I want to be your butt buddy.

Jun 19, 2007 11:14 pm
Ferris Bueller:

Thanks Joe.  And just because you agree with me doesn't mean I want to be your butt buddy.



Duly noted.

I don't think you need to worry about that.

Jun 19, 2007 11:17 pm

P.S. My response that came RIGHT after Ferris's was posted WHILE I WAS TYPING.  I wasn't talking to Ferris.  HE IS RIGHT.


I can handle CONSTRUCTIVE criticism with the best of them.


Like most of ya, my skin is thick.  But Hull telling me I suck pissed me off, that wasn't the post I was looking for.


I appreciate your posts Joe and Ferris.  I've been looking at this thing half-empty if you know what I mean.  I just felt like my momentum was brought to a screeching halt.


thanks

Jun 19, 2007 11:33 pm
FreeLunch:

Like I said - People like you are going to be the people that make me wealthy.


I told you, don't try and do battle with me.  No one here values your opinion anyway.


And yes, I am steaming a little bit.  I didn't sign up to get bought out and slung around like a corporate puppet. 


I think what makes you sleep at night is spilling your negativity on this forum.  When you go to sleep tonight, ALONE, ask yourself a simple question.


"I wonder who really gives a f*& about me."


Let me know!





YOU didn't get bought out. Your EMPLOYER did and it's none of your damned business.

Jun 19, 2007 11:36 pm
FreeLunch:

P.S. My response that came RIGHT after Ferris's was posted WHILE I WAS TYPING.  I wasn't talking to Ferris.  HE IS RIGHT.


I can handle CONSTRUCTIVE criticism with the best of them.


Like most of ya, my skin is thick.  But Hull telling me I suck pissed me off, that wasn't the post I was looking for.


I appreciate your posts Joe and Ferris.  I've been looking at this thing half-empty if you know what I mean.  I just felt like my momentum was brought to a screeching halt.


thanks



1.5 years with a T12 of $95,000 = you suck.

Jun 19, 2007 11:36 pm

Hmmm.  Very insightful Bobby.


You should consider being an AM radio commentator.



Jun 20, 2007 10:36 am
FreeLunch:

1 1/2 years into production with trailing 12 of $95k


7 million in assets.


what did I get?



Shown the door?

Jun 20, 2007 11:49 am
Bobby Hull:
FreeLunch:

No offense - I see you and Ferris trolling around on here trying to provoke people - cutting them down trying to make them feel like crap.


I know your type - You are the Condescending Pricks that speak over everybody's head didn't work for crap people.  You are NOTHING.  I KNOW you are nothing.  You probably look down on your clients - You probably truly have no friends.  You probably are so insecure you have to come on this site to belittle people & you have probably been a complete jerk your whole life.


Tell me I suck - Listen buddy - YOU suck.  Trying to tell a 25 year old that's been in the business a year and a half that a trailing 12 months of $95,000 sucks.


I tell you what sucks.  The 50% of my training class that is gone or has either quit.  What's your story prick?  What's your motivation?  What makes you sleep good at night.


I know your type - You are the type of people that make me look good.  I APPRECIATE YOU Mr. Hull.  Keep doing your thing.  I'll keep stealing your clients and squash you.  I appreciate you and I appreciate your attitude.  People like you are my motivation.


Thanks.



My trailing 12 makes me sleep well at night. You sound angry. You are a piker who should get fired for taking up space that could be given to someone who can produce.



Not your trailing 12 now you dope.  What was your trailing 12 with 1 1/2 years in the business.


Free lunch you are doing GREAT.  I bet this guy has not brought in $7 million in the last 18 months.


You got screwed, and I just wonder if you can get out of the contract because AGE got bought out.