AGE's Offer
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Broker 10: Like I said in my first post, you have to trust me on this. Exquisite source. Thursday will validate all I've satted.
[quote=FL Broker]
Broker 10: Like I said in my first post, you have to trust me on this. Exquisite source. Thursday will validate all I've satted.
[/quote]
Obviously % were not released in latest conf call...
mike99: “
All of this info was known on last Thursday after BM’s had their conference call.” If you believe that and have continued to work under your BM since then without answers, you should welcome this deal. You’re already at a wirehouse, regardless of the retention deal or lack there of.
FL: I’m in Cape Coral, where are you? And, what, exactly have you “stated”, that we’d get a choice as to the method of payment that may or may not be worth $0?
The “stated” was just to correct a typo in my previous post. See first post for all the terms and conditions to the extent that they are known, plus the later note about the smaller DC retention payout to Wachovia reps. For now, I’d rather not comment on my location.
“The “stated” was just to correct a typo in my previous post. See first
post for all the terms and conditions to the extent that they are
known, plus the later note about the smaller DC retention payout to
Wachovia reps. For now, I’d rather not comment on my location.” - FL Broker
There you have it, for those of you whose heads’ haven’t been beaten against the wall enough yet… Mine has, and I’m ALMOST comfortably numb. Gimme another 1/2 hour tonight and I’ll be out until the morning bell.
Branch managers get a DOUBLE bonus. They get manager retention bonus PLUS producer retention bonus. Must be nice for retiring branch managers in the next year!!!
[quote=Broker010]Take heart! All any of us has heard has come from those with no more knowledge than ourselves. In fact, I’m waiting for my new user-name to be activated to that I can start agitating as a Newbie, just for fun. Be warned.
[/quote]
Nice one. It’s good that you’re keeping your sense of humor.
I wish I could do more to help, but I will point out that Thursday is now only about 36 hours away, depending upon what part of the day they give you the news. I know it all seems huge now, but in a year or two-no matter HOW this plans out-you will not even be able to remember what day of the week you learned the details of your fate. Worrying about it and pondering over it will not get you answers any more quickly, it will just cause you to loose sleep or loose your appetite. (Unless you’re a nervous eater like me! Stress is brutal on my waistline.) Take it from one who has been there, both a takeover and my decision to go it on my own, which was equally stressful(but oh so worth it).
B010-hopefully this doesn’t piss you off but helps a little. Just trying to be supportive and also add a little perspective. Hang in there kid.
6 year, 6 month, 6 day deal.
Prick finger & sign with blood.
Formula for gross is your June month production x 24 as of Friday. Then for each 100K of your projected annualized production you get 10% gross up to 100%. Payable for every day you work in restricted stock. Producers under 100K with 5+ years of service get fired with an automatic interview with Edward Jones.
Gadoggie pointed out that BM’s get a double bonus. Read the AGE Inside
Thread - I already pointed out last week that one BM I know was verbally
offerred 100 percent retention bonus plus a huge producer retention bonus.
This has already been leaked!
Reason I have not posted is I have nothing newsworthy to post. And, uhhh,
let’s see…sign six year contract OR get cash in installments with zero
contract. That’s a hard one!
Back this morning for the opening bell, with a huge knot on my forehead from beating it against the wall here last night. I’m glad I turned in when I did last night…I missed…a guy who still knows a BM who supposedly got a verbal offer and that the public offer may still come Thursday (what that offer may be is still a complete mystery, even to the liars, apparently). Joe, thanks for the words of encouragement. Hope everyone is able to keep their heads up and grind out that gross for yet another day in the dark. Good luck all!
[quote=Broker010]Back this morning for the opening bell, with a huge knot on my forehead from beating it against the wall here last night. I'm glad I turned in when I did last night.....I missed....a guy who still knows a BM who supposedly got a verbal offer and that the public offer may still come Thursday (what that offer may be is still a complete mystery, even to the liars, apparently). Joe, thanks for the words of encouragement. Hope everyone is able to keep their heads up and grind out that gross for yet another day in the dark. Good luck all![/quote]
Funny and true.
I just had confirmation of the package detailed at the top of this
thread from another source. I am still wondering about the
percentages.
Aagin, I hate to set myself up for disapointment like this, but........Will the choice of payment #2 (paid over 6 years with no contract) make its first payment immediately, or after the first year. (He asked, expecting no detailed answer)
I won't even endeavor to question whether that payment will be anywhere between 0-100% 1 yr. gross..
You're right, who I work for, where my office is located and how much I'll be paid for the work I do there is no biggie......I'll just have some Kool Aid.
On second thought..., I'll pass on the Kool Aid and continue to search for new information on my future anywhere I can find it, no matter how frustrating it may be both to you and myself.
B10- my advice to you is put in a hard days work. Leave at the close, go to Happy Hour with a couple buddies, and forget about all this drama. Stop beating yourself up- its out of your hands. You will know the reality when everyone else does... It is what it is...