MSSB Management and Offices
Heard from a former colleague of mine today that MSSB is consolidating their management. I heard the ABOM ("sales manager") from my old branch, who was a complete waste of time, was not offered a position back. Is this true around the company now?
I heard the same thing from a couple of fairly high up types that there is a great deal of consolidation, with many sales, assistant and operations managers getting the boot or offered production roles.
Also heard (from a somewhat reliable source) that manager pay is getting hacked down ~40%.
Its a fact that management pay is getting killed. I spoke with a legacy SB manager last week who told me that is the case.
Obviously this points to a an awful lot of cuts coming.
Also, it looks like the MS guys are getting preference on most situations. A lot of managers expect that at some point htere wont be many SB mgrs left standing, the whole thing is gonna be run by MS guys.