MS BOM terminations

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Apr 26, 2006 4:50 pm

Anyone hear about Morgan Stanley layoffs today of all non producing managers with branches under 7 million in prod??

Apr 26, 2006 5:29 pm

I heard that 20-25 mgrs in NY were cut.  No idea.

Apr 26, 2006 7:24 pm


A Few BOMs were cut from larger offices in Denver & in Texas. The reason I heard is that they are

getting rid of managers with a poor track record

or recruiting and retaining.

Apr 26, 2006 8:26 pm

Not one to hold a grudge; there is one manager in one of the Dallas offices of M.S. that would make me smile if he got the ax. He stole $48K from me.


If I don"t get you Karma will.

Apr 27, 2006 9:58 am

MS manager in Dallas?  Do tell

Apr 27, 2006 10:04 am

Florida also saw blood yesterday.  Alot of under 7mm, but also some huge branches...

Apr 27, 2006 11:20 pm

Just the beginning Boys...fasten your seatbelts, a lot of turbulence ahead.

Apr 28, 2006 12:46 pm

we were told at least in FL, we are done.

Apr 28, 2006 1:40 pm

I thought they said, "we are going with the team on the field",several months ago. They were not finishied then and they are not finished now.

Apr 28, 2006 1:48 pm

That statement was made referring to brokers, not management. All of the recent changes have been made to retail management, not the sales force.

Apr 28, 2006 2:06 pm

The area director in Denver got the ax and he so deserved it!!!!!!!!!!!!!!!

Apr 28, 2006 2:10 pm

a lot of heads have rolled.  too bad none of them had books...

Apr 28, 2006 6:30 pm

4 more months until D- Day for many...

Apr 28, 2006 7:38 pm
fritz:

4 more months until D- Day for many...




Right, until the imaginary deadline that's already passed at least four times  

Apr 28, 2006 8:07 pm

Finally, someone [Mack] who is willing to return the House of Morgan to

some facsimilie of what is used to represent!

Apr 29, 2006 12:40 pm
mikebutler222:
fritz:

4 more months until D- Day for many...




Right, until the imaginary deadline that's already passed at least four times  

Apr 29, 2006 12:41 pm
fritz:

[quote=mikebutler222][quote=fritz]

4 more months until D- Day for many...




Right, until the imaginary deadline that's already passed at least four times  



Is your intellegince above average?  It seems a bit low.

Apr 29, 2006 12:42 pm
fritz:
fritz:

[quote=mikebutler222][quote=fritz]

4 more months until D- Day for many...




Right, until the imaginary deadline that's already passed at least four times  


Intelligence!!!


Is your intellegince above average?  It seems a bit low.

Apr 29, 2006 2:24 pm

Lots more overhead changes to come.  There will be no more broker layoffs this year.  Maybe some comp. changes or an increase in the "penalty box" towards the end of '06.  That's my best guess. 

May 1, 2006 8:33 am
fritz:
fritz:
fritz:

[quote=mikebutler222][quote=fritz]

4 more months until D- Day for many...




Right, until the imaginary deadline that's already passed at least four times  


Intelligence!!!


Is your intellegince above average?  It seems a bit low.



Sorry Fritz, but you insulting my intelligence (and misspelling that word in the process) because I don't take seriously a "cut" deadline that's been predicted and failed to happen at least four times, and being unable to post it properly after several attempts, well, that may be the funniest thing I’ve read lately.


Thanks for the chuckle…..