Phan2om, they haven’t paid it yet?  I thought y’all were getting it right after you signed the agreement.

It couldn’t happen to better bunch of crooks. Merger my a$$!

[quote=Say What]Now it’s Mid December before comp plan is out! I guess they don’t want to shock guys before the BAC vote. Wow, ML has handled this fiasco really bad.


[/quote]

ML is BAC’s bitch. ML was saved from the brink of collapse. Be grateful that you even have a place to go in the morning.

No Banco, we don’t get the “bribe” until after the “merger” (LOL, Acquisition or bailout) is complete.

By show of hands: Who would have believed or imagined a year ago what the brokerage firm landscape (not to mention stock market) would look like today??
 (I am sitting firmly on both hands)

I’m beginning to think this firm is a never ending train wreck.

Only as much as Smith Barney is a bank.  No more, no less.

I really, really hope your correct, Cubfan.  If ML becomes a Smith Barney, I am cool- talking to people at BAC, i’m not so sure.  If you look at the culture at BAC, it is very, very different from ML.  Time will tell.

The timing is ingenious on the bank’s part. They had everyone sign a document when they haven’t finished changing the rules and they had strong participation. 

The new grid is in the hands of managers but they aren't sharing until the vote. Can anyone tell me what the BAC grid looks like?

[quote=kappa1997]

The new grid is in the hands of managers but they aren't sharing until the vote. Can anyone tell me what the BAC grid looks like?

I’m a bai guy and I haven’t herd anything about the grid changing. The only thing I gathered from the all hands call this Tuesday was that the comp plan would not change until late 09. How did you get your info??

BAI, they are talking about the ML side. Y’all will be merge in sometime next year. It will likely be bloody for your managers, etc and then you will have to move your clients to the ML platform complete with new account numbers, statements. I am guessing they will have to do something through DTC to move the assets from Fidelity to ML.

I got my info from well placed ML reps. We know the managers have the grid. ML was supposed to release the new grid prior to Thanksgiving. It was delayed until supposedly the 15th of December.

We are screwed at ML. Maybe not today, maybe not tomorrow but soon and for the rest of the time we are at Merrill/BofA.



The 2009 grid might not be bad, but I guarantee the 2010 grid will be.

I think we will get “worked” gradually down.  A few percentage points here, a few there.  If you fell asleep and woke up in five years, i’m afraid you would look at the new grid and say, “huh?”

I forgot to mention that our complex director stopped in my office today to chew the fat (not unusual).  He seemed very down.  Looked tired.  Looked like all the fire was gone.  Wonder if he got a sneak peek of the comp plan?

I forgot to mention that our complex director stopped in my office today to chew the fat (not unusual).  He seemed very down.  Looked tired.  Looked like all the fire was gone.  Wonder if he got a sneak peek of the comp plan?

Nobody has seen the new comp plan on either side.  You are falling victim to rumors again…

The managers will arrive in New Brunswick on the evening of the 15th and be in meetings on the 16th until 2pm. We should get the details on the 16th or 17th. Everything you hear right now is just rumor…