BAI Retention
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<SPAN id=userPro111845 title=“View Drop Down” =“msgSidePro”>Piker1487 … Like you I have been a sporadic lurker on this forum for quite awhile. I never thought I’d actually participate since it seemed like most of the time the discussions turned into pissing contests between guys who were most likely hanging by a thread in the business. I suspect in many cases there’s a strong inverse relationship between number of posts and gross production. Heaven forbid some successful experienced producers want to actually exchange some useful information.
That's interesting that you've already been contacted by a MER manager. I guess soon we'll see the management shakeout. I worked at MER prior to joining BAI. I actually believe my BAI manager is stronger than the MER guy in my local market. What is your understanding about when the first 1/3 of the $ will be paid?I may have eaten paint chips but who had the balls to leave that sh!tty bank and go indy, succeed, and make more money than I ever dreamed of.
Who is sitting at Bank of Amigo hoping and praying they get the package because they're struggling to do 200 gross. Who doesn't have the balls to leave and do for themselves and their family. I'll give you a hint. YOU!Flipper...our understanding of thr 1/3 is that it will work like restricted stock....it'll be granted in January 09 and we will be able to look at it on our screen, but the first third will not be payable to us until 1/10. Then on 1/11, the second 1/3...and so on.
The MER boss has been in contact about once a week. He was trying to recruit me prior to the announcement, and now he's checking in to see how the attitudes are in the office.
I thought the MER management might dominate the combined firm, but our regional folks are saying that each position will have to compete and differentiate. We do have some strong managers that will prevail.
Well, if you can see it on your screen, it must be good! Believe me the bankers will run the show not the Merrill mgmt.
ezmoney: first thing you’ve said thats “on the money”. But most of that will be be done higher up. Local merrill will win and especially in big city offices.