Jones, Tacky?

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Sep 19, 2005 9:53 am

Recently saw an ad placed by local jones broker telling everyone how jones gave "all this money" to Katrina relief and how they (jones) were going to match contributions and the ad even quoted Doug (3 more months) Hill. Now my observation is....how many other companies, brokerage or not have given even greater amounts and don't have the hubris to take out an ad in the paper to tell everyone how "wonderful" they are? Seems to me that the cost of the ad could have been put to Katrina relief efforts also. BUSH LEAGUE 

Sep 19, 2005 10:20 pm

Revealer- It's not an ad. It's a press release. The paper's don't charge anything to run them and do them as a public service. Talk about jumping to conclusions........

Sep 19, 2005 10:34 pm

Call it what you want, but it sure sounds like the Pharisee who prayed loudly in the public square "Oh Lord, I am so thankful that I am not like that wretched tax collector..."


Fine to donate, but EDJ could have some class and skip the "look how good we are 'press release'"...


Don't even try to tell me that some marketing type at EDJ didn't see this as an opportunity to (exploit hurricane victims to) get some free advertising.

Sep 19, 2005 11:10 pm

Noggin: Don't you think I know the diff between a press release and an ad? Don't YOU jump to conclusions. I still say it's no class, low class, bush league. 

Sep 20, 2005 12:22 am

I agree... do nice things because you want to.... not because you want publicity.

Sep 20, 2005 1:51 pm

revealer, who do you work for. anyways, it's call reciprocal altruism. i challenge you to prove something 100% altruistic.  


Sep 20, 2005 2:59 pm

Plenty of companies, brokerages included, offer matching gifts for charitable contributions. Most don't send out a news release when an employee takes advantage of it.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


Then again, calling EJ "low rent" is sort of redundant, isn’t it?


Sep 20, 2005 6:33 pm

Revealer- You said originally that the money spent on the "ad" could have been given to the relief effort first of all. There was no money spent because it wasn't an ad. I contributed but I can almost guarantee given your cyncism that you didn't..... The difference between a press release and an ad is whether one is paid for or not.



Indyone- How in the world is it exploiting victims to contribute to their wellbeing??

Sep 20, 2005 6:50 pm

"How in the world is it exploiting victims to contribute to their wellbeing??"


It's not the contibution.  My B/D did that too.  I'm all for that part.  It's the self-serving "press releases" that I have a problem with.  If my firm did that (or if my firm does that in the future), you bet I'll let them know about it just like I am here.  If that isn't exploitation, I don't know what is.

Sep 20, 2005 8:38 pm

Indyone- It's up to the IR in that town if they want to send a press release in, nothing at the corporate level. If I had any question about perception, then I wouldn't submit it.

Sep 20, 2005 11:24 pm

Let's see...



If you check out www.prnewswire.com you can search for the press releases from companies.



- Food retailers. Those phonies released a joint newswire under the Food Market Institute. Really, how obnoxious.

- Pharmaceutical companies too. They released a joint newswire about all the free medicine they're going to provide. Braggards!



Check your firm's websites for THEIR press releases detailing their contributions:

AG Edwards, Raymond James



Check out corphilanthropy.org/relief/ for other firm's press releases like:

AMEX, Bank of America, Citigroup, Morgan, Wachovia, Wells Fargo



We wont mention them, but the NERVE of EJ issuing a press release. Or is it the gall of a rep using the ad.



You guys are too much!



Joedog

Sep 21, 2005 12:37 am

Well said by many of you................The Leadership at Edward Jones only cares about what benefits them directly and anything that they feel puts a good spin on Edward Jones is OK with them.


Another example of their poor leadership, misrepresent facts, trying to benefit from a good deed is very TACKY, but then again it is Edward Jones the 7 Eleven of Wall Street.....................

Sep 21, 2005 8:50 am

"The Leadership at Edward Jones only cares about what benefits them directly and anything that they feel puts a good spin on Edward Jones is OK with them."



Maybe so Player. Using your logic, then all those other companies are also guilty of the same thing - benefiting from this tragedy. It aint called PR for nothing.



Joedog

Sep 21, 2005 9:09 am

This thread "jones, tacky?", sounds to me like the question "Rosanne, fat?" or "Franco, dead?'.


Any others come to mind?

Sep 21, 2005 9:11 am
joedog:

Let's see...

If you check out www.prnewswire.com you can search for the press releases from companies.

- Food retailers. Those phonies released a joint newswire under the Food Market Institute. Really, how obnoxious.
- Pharmaceutical companies too. They released a joint newswire about all the free medicine they're going to provide. Braggards!

Check your firm's websites for THEIR press releases detailing their contributions:
AG Edwards, Raymond James

Check out corphilanthropy.org/relief/ for other firm's press releases like:
AMEX, Bank of America, Citigroup, Morgan, Wachovia, Wells Fargo

We wont mention them, but the NERVE of EJ issuing a press release. Or is it the gall of a rep using the ad.

You guys are too much!

Joedog


Could you tell us how many brokers from the firms you mention tacked their own names onto the press releases and sent it to the local paper to be published for a "look at me, the swell guy" moment? I mean, you seem to be keeping track of this and all....

Sep 21, 2005 9:12 am
Player:

 ...but then again it is Edward Jones the 7 Eleven of Wall Street.....................



I think you may get be getting notice of a lawsuit from 7/11 any day now....

Sep 22, 2005 10:32 am

Actually saw the ad placed the SECOND time. Noggin (and others) I know the diff between an ad and a press release. It actually appeared to be a press release changed to ad format. Broker's name, ph #, address, so on. YES it was an ad and YES it is tacky. Now for the altruism thing....do I or anyone for that matter run an ad telling how much $$ we give weekly to our church, how much time we donate to service clubs (2) in my case, charitable boards we serve on (3) in my case. I submit this is just another case of jones folks THINKING the sun rises and sets in their a$$.

Sep 22, 2005 2:14 pm

Amen.  Wish you could scan that thing in and post it here for the rest of us to see...

Sep 22, 2005 8:55 pm

Revealer- Even if this is true it means ONE jones person thinks the sun rise and falls by them. Please don't make a generalization.....

Sep 26, 2005 9:42 am

Noggin: What should I generalize about jones? Largest fine/revenue EVER in industry? Is that general enough?