MS BOM terminations
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Anyone hear about Morgan Stanley layoffs today of all non producing managers with branches under 7 million in prod??
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.
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.
Florida also saw blood yesterday. Alot of under 7mm, but also some huge branches...
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.
That statement was made referring to brokers, not management. All of the recent changes have been made to retail management, not the sales force.
[quote=fritz]
4 more months until D- Day for many...
[/quote]
Right, until the imaginary deadline that's already passed at least four times
Finally, someone [Mack] who is willing to return the House of Morgan to
some facsimilie of what is used to represent!
[quote=mikebutler222][quote=fritz]
4 more months until D- Day for many...
[/quote]
Right, until the imaginary deadline that's already passed at least four times
[/quote][quote=fritz][quote=mikebutler222][quote=fritz]
4 more months until D- Day for many...
[/quote]
Right, until the imaginary deadline that's already passed at least four times
Is your intellegince above average? It seems a bit low.
[quote=fritz][quote=fritz][quote=mikebutler222][quote=fritz]
4 more months until D- Day for many...
[/quote]
Right, until the imaginary deadline that's already passed at least four times
Intelligence!!!
Is your intellegince above average? It seems a bit low.
[/quote]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.
[quote=fritz][quote=fritz][quote=fritz][quote=mikebutler222][quote=fritz]
4 more months until D- Day for many...
[/quote]
Right, until the imaginary deadline that's already passed at least four times
Intelligence!!!
Is your intellegince above average? It seems a bit low.
[/quote] [/quote]
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…..