Sharing Retention Package
83 RepliesJump to last post
[quote=YHWY]C'mon, Bobby, something as pedestrian as "production" is beneath DAtoo.[/quote]
The only thing beneath dattoo is his son being raped by his father.
One thing’s for sure, a person who trudges through life just KNOWING he’s always the smartest person in the room (by an order of magnitude) certainly has had no personal experience with any “Retention Packages”.
[quote=DAtoo][quote=joedabrkr] [quote=DAtoo]
the manager won't give him leads
[/quote]
That's a good one. BOM's don't have leads that count worth a cr*p.
[/quote]
Joeboy, had you not been such a negative in your branch you would realize that there are a lot of people who will call a place like PaineWebber and ask to speak to the manager.
The result of that call will be a referal by the manager to a broker within their office.
When I was breaking in I got several of them, all were decent accounts and one was a whale.
You need to set the inner rage aside, the negative energy you emit is palatable, even through the Internet.
[/quote]Yes I know it happens, just as on occasion it snows in Houston.
I would be willing to bet heavily that you received an above average number of those referrals from the BOM largely because you were a good boot licker, which would explain why you ended up living in middle management because you couldn't handle production. That you were a failed producer would also explain why it was sgnificant to you that the BOM threw you an occasional bone.
Oh-and the inner rage faded a long time ago, shortly after I resigned from the wirehouse. It left behind a profound understanding of how things really work in the wirehouse world, which is it is so easy for me to understand what makes you tick.
Probably makes you nuts, right?
Hey JoeDaMan, your Cards are looking good right now… That Ankiel kid can play eh? Big weekend series- my buddy is a Cubs fan and he is getting a little nervous with you guys moving up quickly…
[quote=joedabrkr]
I would be willing to bet heavily that you received an above average number of those referrals from the BOM largely because you were a good boot licker, which would explain why you ended up living in middle management because you couldn't handle production. That you were a failed producer would also explain why it was sgnificant to you that the BOM threw you an occasional bone.
[/quote]
Joeboy, you can't have it both ways. Either BOMs have the ability to provide leads or they don't.
Which is it?
[quote=DAtoo]
[quote=GoingIndy????]Mike99, the manager can't make you do it. When you complete the online form and finally any paperwork don't write it in. If he brings it up again, tell him you had your attorney help you with the documents before completing. If he insists afterwards call your regional manager directly. [/quote]
Yeah that's a smart thing to do. Getting on the wrong side of the branch manager, and whining to the regional manager is brilliant.[/quote]
Get stuffed, DA, that has to be the dumbest advice you’ve given yet. The branch manager is an EMPLOYEE of the successful broker. There's no reason to rub his nose in it daily, but when some manager pretends to be something he isn’t, it behooves the successful broker to remind that office rat that his job is to hire receptionists, make sure the coffee service is good and keep the lights on. He’s a DRAG on the p/l, not an addition to it. And it surely isn’t his place to attempt to be some wirehouse version of Tony Soprano trying to intimidate a broker into paying the support staff money that the firm itself should be paying them.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
I suspect if the broker ever did feel forced to call a regional manager about the branch flunkie’s attempt to extort a broker like this, it would be a bad day for the branch manager.
[quote=DAtoo][quote=joedabrkr] [quote=DAtoo]
the manager won't give him leads
[/quote]
That's a good one. BOM's don't have leads that count worth a cr*p.
[/quote]
Joeboy, had you not been such a negative in your branch you would realize that there are a lot of people who will call a place like PaineWebber and ask to speak to the manager.
The result of that call will be a referal by the manager to a broker within their office.[/quote]
Unless the guy's a producing manager, in which case it ends up in his book. Either way, the rare occasion that a manager would toss you a bone is no reason to put up with extortion. <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
[quote=Bache&co]
No one has to ask me to share my bonus with my assistant. She does more work than I do. She's earned every sent of a shared deal. If she didnt work so hard - I wouldnt be making such a huge bonus.
Those who dont feel they need to share the bonus just dont have superior support.
[/quote]
It's one thing to decide to do that on your own, it's another to be extorted into it.
If you live in a condo you are expected to contribute to funds that may be used for things you would just as soon not do.
It's not extortion.
The guy at AGE can refuse to take part and deal with the repurcussions.
[quote=DAtoo] <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
If you live in a condo you are expected to contribute to funds that may be used for things you would just as soon not do. [/quote]
You're really so far removed from reality that you liken a regime fee on a condo with a manager trying to strong-arm someone into giving up their money? And to what end? So that the branch flunky can look like a hero to the support staff by being generous with OTHER people's money?
[quote=DAtoo]It's not extortion.
The guy at AGE can refuse to take part and deal with the repurcussions.
[/quote]
You might want to look up the word "extortion" if you think "you don't have to give me your money, you can just deal with the consequences" doesn't exactly define it.
[quote=DAtoo]
[quote=joedabrkr]
I would be willing to bet heavily that you received an above average number of those referrals from the BOM largely because you were a good boot licker, which would explain why you ended up living in middle management because you couldn’t handle production. That you were a failed producer would also explain why it was sgnificant to you that the BOM threw you an occasional bone.
[/quote]
Joeboy, you can't have it both ways. Either BOMs have the ability to provide leads or they don't.
Which is it?
[/quote]They do.
Perhaps Dallas or OK City was a better example. They get about one snowfall a season and it usually melts right away.
[quote=mikebutler222]
[quote=DAtoo] <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
If you live in a condo you are expected to contribute to funds that may be used for things you would just as soon not do. [/quote]
You're really so far removed from reality that you liken a regime fee on a condo with a manager trying to strong-arm someone into giving up their money? And to what end? So that the branch flunky can look like a hero to the support staff by being generous with OTHER people's money?
[quote=DAtoo]It's not extortion.
The guy at AGE can refuse to take part and deal with the repurcussions.
[/quote]
You might want to look up the word "extortion" if you think "you don't have to give me your money, you can just deal with the consequences" doesn't exactly define it.
[/quote]
Here we have a "financial advisor" who whines day in and day out on this forum referring to a guy or gal who was selected as one of the few allowed to manage a branch a "flunky."
If Mike Butler were earning more than $60,000 a year he'd be way too busy to waste a single moment strutting his stuff among fellow losers.
As I said, the kid at AGE can simply tell the manager that he is not going to contribute to the fund. As is being pointed out it's his choice.
That's what Mike Butler would do, because Mike Butler has no clue what it means to go along to get along and he's the laughing stock of his branch already.
[quote=DAtoo][quote=mikebutler222]
[quote=DAtoo]
If you live in a condo you are expected to contribute to funds that may be used for things you would just as soon not do. [/quote]
You're really so far removed from reality that you liken a regime fee on a condo with a manager trying to strong-arm someone into giving up their money? And to what end? So that the branch flunky can look like a hero to the support staff by being generous with OTHER people's money?
[quote=DAtoo]It's not extortion.
The guy at AGE can refuse to take part and deal with the repurcussions.
[/quote]
You might want to look up the word "extortion" if you think "you don't have to give me your money, you can just deal with the consequences" doesn't exactly define it.
[/quote]
Here we have a "financial advisor" who whines day in and day out on this forum referring to a guy or gal who was selected as one of the few allowed to manage a branch a "flunky."
If Mike Butler were earning more than $60,000 a year he'd be way too busy to waste a single moment strutting his stuff among fellow losers.
As I said, the kid at AGE can simply tell the manager that he is not going to contribute to the fund. As is being pointed out it's his choice.
That's what Mike Butler would do, because Mike Butler has no clue what it means to go along to get along and he's the laughing stock of his branch already.
[/quote]So says the retired bureaucrat/flunky as he types from his rent controlled studio in Alphabet City...
[quote=joedabrkr] [quote=DAtoo][quote=mikebutler222]
[quote=DAtoo]
If you live in a condo you are expected to contribute to funds that may be used for things you would just as soon not do. [/quote]
You're really so far removed from reality that you liken a regime fee on a condo with a manager trying to strong-arm someone into giving up their money? And to what end? So that the branch flunky can look like a hero to the support staff by being generous with OTHER people's money?
[quote=DAtoo]It's not extortion.
The guy at AGE can refuse to take part and deal with the repurcussions.
[/quote]
You might want to look up the word "extortion" if you think "you don't have to give me your money, you can just deal with the consequences" doesn't exactly define it.
[/quote]
Here we have a "financial advisor" who whines day in and day out on this forum referring to a guy or gal who was selected as one of the few allowed to manage a branch a "flunky."
If Mike Butler were earning more than $60,000 a year he'd be way too busy to waste a single moment strutting his stuff among fellow losers.
As I said, the kid at AGE can simply tell the manager that he is not going to contribute to the fund. As is being pointed out it's his choice.
That's what Mike Butler would do, because Mike Butler has no clue what it means to go along to get along and he's the laughing stock of his branch already.
[/quote]
So says the retired bureaucrat/flunky as he types from his rent controlled studio in Alphabet City...
[/quote]
Joeboy, keep up. I left NYC months ago and am living in Atlanta--actually Sandy Spring, GA.
[quote=DAtoo][quote=mikebutler222] <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
[quote=DAtoo]
If you live in a condo you are expected to contribute to funds that may be used for things you would just as soon not do. [/quote]
You're really so far removed from reality that you liken a regime fee on a condo with a manager trying to strong-arm someone into giving up their money? And to what end? So that the branch flunky can look like a hero to the support staff by being generous with OTHER people's money?
[quote=DAtoo]It's not extortion.
The guy at AGE can refuse to take part and deal with the repurcussions.
[/quote]
You might want to look up the word "extortion" if you think "you don't have to give me your money, you can just deal with the consequences" doesn't exactly define it.
BTW, grammar/spelling Nazi, the word is “repercussions”.
[/quote]
Here we have a "financial advisor" who whines day in and day out on this forum referring to a guy or gal who was selected as one of the few allowed to manage a branch a "flunky." [/quote]
Here was have a guy who washed out as an FA and had to seek shelter in the lifeboat of branch management whose post-working existence is so bereft of meaning that he has to appear here to attempt to continue the only perk his job gave him, the brow beating of newbies. What really must sting for him is that this forum contains not just newbies, but people who have been around long enough to know how low on the totem pole he really was back in his working days….
[quote=DAtoo]
If Mike Butler were earning more than $60,000 a year he'd be way too busy to waste a single moment strutting his stuff among fellow losers. [/quote]
ROFLMAO, I guess when you have nothing else, you can claim the other guy isn’t successful. Rest assured, little man, I’m doing just fine, succeeded at a job you couldn’t do.
[quote=DAtoo]
As I said, the kid at AGE can simply tell the manager that he is not going to contribute to the fund. As is being pointed out it's his choice. [/quote]
It’s been pointed out to those unfamiliar with the term that that amounts to extortion. That may be something wash-outs like DA would put up with, given he has no real choices and feels his tenuous grip on employment slipping away, but it isn’t something that people with options should have to tolerate.
[quote=DAtoo]
That's what Mike Butler would do, because Mike Butler has no clue what it means to go along to get along and he's the laughing stock of his branch already.
[/quote]
“Go along to get along” must mean an FA should bend over so that some mid-level drag on the P/L sheet can reach into his pocket, give his money to staff people the drag underpays to begin with, all so said drag can be a hero to the girl in the wireroom.
Then again, guys who rush to the lifeboat are used to bending over, mostly because they realize they have no choice.
[quote=mikebutler222]<O:P></O:P>
It’s been pointed out to those unfamiliar with the term that that amounts to extortion. That may be something wash-outs like DA would put up with, given he has no real choices and feels his tenuous grip on employment slipping away, but it isn’t something that people with options should have to tolerate.
[/quote]
Mike Butler has a loose grip on reality. "People with options" do not have to tolerate anything--it's only the weak sisters who have to tolerate abuse.
If the AGE kid is a stud he can tell the BOM that he's not going to contribute to the fund and deal with whatever happens.
Mike Butler, do you measure your brokerage career in weeks or months at this point?
[quote=mikebutler222]
“Go along to get along” must mean an FA should bend over so that some mid-level drag on the P/L sheet can reach into his pocket, give his money to staff people the drag underpays to begin with, all so said drag can be a hero to the girl in the wireroom.
Then again, guys who rush to the lifeboat are used to bending over, mostly because they realize they have no choice.
[/quote]::tips hat::
Well said Mike. Careful how you think or you'll find yourself joining us on the dark side one day.
[quote=DAtoo][quote=mikebutler222]<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
It’s been pointed out to those unfamiliar with the term that that amounts to extortion. That may be something wash-outs like DA would put up with, given he has no real choices and feels his tenuous grip on employment slipping away, but it isn’t something that people with options should have to tolerate.
[/quote]
Mike Butler has a loose grip on reality. "People with options" do not have to tolerate anything--it's only the weak sisters who have to tolerate abuse. [/quote]
Says the guy suggesting the FA take the obvious abuse to “go along to get along”
[quote=DAtoo]
If the AGE kid is a stud he can tell the BOM that he's not going to contribute to the fund and deal with whatever happens. [/quote]
That’s what this boils down to for our favorite FA washout/dog dresser, the “kid” at AGE and the big, manly branch manager (that DA sees himself as) bending the “kid” over for the manager’s self interest, re-defined as “the common good”.
If “the kid” bends over for this obvious extortion, he deserves what get gets, both in loss of money and loss of self-respect.
[quote=DAtoo] Mike Butler, do you measure your brokerage career in weeks or months at this point?
[/quote]
Good old washout/dog dresser’s world outlook, everybody must be a newbie, a potential abuse victim at the hands of some mid-level flunky. Sorry to burst your bubble, DA, by my career in measured in years, nearly 15 of them, and mostly in a wirehouse environment. All of them succeeding at a job you failed at.
[quote=joedabrkr] [quote=mikebutler222]
“Go along to get along” must mean an FA should bend over so that some mid-level drag on the P/L sheet can reach into his pocket, give his money to staff people the drag underpays to begin with, all so said drag can be a hero to the girl in the wireroom.
Then again, guys who rush to the lifeboat are used to bending over, mostly because they realize they have no choice.
[/quote]
::tips hat::
Well said Mike. Careful how you think or you'll find yourself joining us on the dark side one day.
[/quote]
Eh, if the world of a wirehouse was really as DA believes, that successful FAs had to worry about the whims of the washout carrying the title of branch manager beyond doing good, clean and client-centred business, I would already be long gone....