Smith Barney Guarantees Salary to Reps

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felidia's picture
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Joined: 2006-06-07

So has anyone heard about this?
Smith Barney sent out a memo to branch managers in late April saying that come May 10, it will give ALL reps the minimum salary neccessary ($455 per week = about 23k per year) to list reps as exempt from overtime.
 
 
 

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