2008 BAC Comp Plan

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Nov 28, 2007 1:24 pm

Rumor has it that under 300k will suck even worse than this year. Anybody heard any facts yet?

Nov 28, 2007 8:25 pm

yes.  it will be rolled out MOnday

Nov 29, 2007 8:13 am

glad i'm gon and indy. btw everything worked out great.

Nov 29, 2007 1:59 pm

where to, EZ?

21% under 300, 25% UNDER 350K
Nov 29, 2007 2:14 pm

lpl, and I couldn't be happier, increased my net 50%!! you can't beat the tax advantages either. I'm shuting it down for the holidays. Not much is going to happen between now and New Years. Happy holidays guys, I hope you all find the balls to leave that lousy organization. I'm also sympathetic for what you're going through. They ruined 3 of my past Christmas holidays with their comp change conference calls every Dec. Never again!!

Nov 29, 2007 3:13 pm
badmove?:

where to, EZ?

21% under 300, 25% UNDER 350K



wow....

why do you guys continue to subject yourselves to this abuse?

Nov 29, 2007 3:27 pm
badmove?:

where to, EZ?

21% under 300, 25% UNDER 350K
 
...and to think...I though my bank program sucked...you should all walk out en mass. 
December 21 would be a good day to do just that....looooooong weekend.  Lots of clients will be home and if you all walk out together, there won't be anybody left in the office to be calling your clients...
 
That kind of reminds me of Christmas Vacation and the jelly of the month club...
Nov 29, 2007 3:50 pm

EZ what percent of book came, we have had several reps leave to Smith Barney but there retention numbers have been AWFUL (<50%), looks like they will be paying back that check they got.

Nov 29, 2007 11:00 pm

Welcome to Wachovia guys Get yourselves a pay raise

Nov 30, 2007 7:05 am

expect to only take about 50-60%. 75% of that was fee based or l shares so the numbers worked out for me. I net about 120k in fees/yr. if you go to another bank like some of my peers did don't expect to move more than 25-35%. my peers experienced those retention numbers.

Dec 3, 2007 11:56 am

Not really a big deal, nothing changes if you are over 350k, cash flow goes up for 300-350k. Under 300 is ugly...21%, get aniyher 4% if you hit certain metrics.

Dec 3, 2007 8:21 pm

The grid has stayed mostly the same. However, 8 net new cross penetrated accounts per quarter will be difficult.

Dec 4, 2007 8:43 pm
BACFA:

The grid has stayed mostly the same. However, 8 net new cross penetrated accounts per quarter will be difficult.

It's easy - there is a "cross pen" report on cc.  move some sand around and you make the #.
Dec 12, 2007 8:33 pm

Ez: 

 
I am ooogling over the implosion of that filthy bank.  Let it burn, Burn BAC burn moootherfoooker(dutch version)
Dec 12, 2007 9:50 pm

Wachovia is lookin nice right now for the BAC'rs I guess