Smith Barney---Krawcheck back, Thompson

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Jan 22, 2007 10:15 pm

gone.


Anyone think the letters Prince got from large producers about the payout cuts had anything to do with this?


Read John Churchill's piece today on this topic:


http://www.registeredrep.coom



Jan 22, 2007 10:16 pm

http://www.registeredrep.com


Apologies for the typo.


Smith Barney types, comments please on the change of command cerermony today.

Jan 22, 2007 11:38 pm

Todd must have gotten the call Saturday morning at home, because he held

a conference call Friday in the pm and made no mention or any adieus.

Today only a brief memo about the departure, you know the usual "to

persue other interests" stuff.

Jan 23, 2007 12:26 am

Yeah, that's probably true. At least there weren't a bunch of emergency weekend BOD meetings like what MS had to do before Phil got the boot last spring!


Prince is feeling lots of heat for share price stagnation.


I also heard some SB advisors e-mailed him and/or wrote letters about that payout cut BS. One of these days wirehouse execs will learn not to bite the hands (revenue producers) that feed them.


Jan 23, 2007 6:56 am

"One of these days wirehouse execs will learn not to bite the hands (revenue producers) that feed them."



No, they won't.  Wanna bet?

Jan 23, 2007 7:07 am

No, those greedy wirehouse execs will never learn not to mess with revenue producers.


If you give me 6.5 points I will take my Bears over those Colts in the big game. The spread's 7 in Vegas.


I guess the trader lads at Citi were elated that Thompson got a pink slip, too:


http://www.nypost.com (business section---Paul Tharp)

Jan 23, 2007 11:21 am

Another typo apology:


Todd Thomson (no P), not to be confused with Linda Thomsen (E instead of O).


Jan 23, 2007 12:15 pm
Philo Kvetch:

"One of these days wirehouse execs will learn not to bite the hands (revenue producers) that feed them."



No, they won't.  Wanna bet?



Agreed.

Jan 23, 2007 7:00 pm

I think it is a case of Prince smartly leveraging the best people around him.  Step 1: Insert Druskin.  Step 2: Place Krawcheck in position of strength.  Step 3: Insert all-star CFO.


We'll have to see if step 3 materializes.