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Smith Barney CLAWBACK wages

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Jul 15, 2009 11:23 pm
iconsult100:

[quote=Whatnow]Well, I have confirmed that SB is indeed claiming “clawback” wages. What a crock of  **** , I am so glad that I left last week, and BTW I will soon find out what my first arbitration is like. I want the dollars I just earned, they will “NOT” hold my wages.

  Actually, you didn't earn it.  You get paid based upon the level that you hit on the grid.  At the end of the day, you got paid exactly what you have earned year to date.  You are not entitled to a higher breakpoint because you didn't hit that breakpoint.  This is not a new policy, they have been paying on a grid system for years.    [/quote] Actually Mr. Barney...   I did earn it, the company that I was working for merged and formed a new company on June 1st, I left on June 26th. We all received termination notices, new paystubs with new YTD info, payouts on our deferred comp and retirement plans. They have zero grounds to claw back from the previous employer.   You might try getting ALL of the facts before you post information that you have little knowledge of.
Jul 16, 2009 9:39 pm

Just a suggestion?  Don’t look back at all.  Bringing in lawyers and class-actions and fighting over reimbursements of $95 fees will only slow you down, can cause you not to look ahead.

You’ve made a good move in leaving a bad situation, and are now independent.  Don’t fight battles you’ve already won.

Just my $0.02.  Nice avatar, btw.