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Bank of America (BAC) CEO Moynihan reportedly stepped up for his current (and future) brokers,...

Bank of America (BAC) CEO Moynihan reportedly stepped up for his current (and future) brokers, killing John Thiel's plan to slash by 200 bps the so-called grid payout for Merrill's wealth managers. The move - had it gone through - would have been a "deal-killer" according to the head of an executive search firm.
Comments (2)
  • hlynurja@simnet.is
    , contributor
    Comments (28) | Send Message
     
    What does this mean? Was John Thiel plan to pay high bonus still in effect and is Brian killing that that particular plan? And the " deal killer" what does this author mean by that. Could deals be killed or is he talking about a " real killer" which is my mind can be quite positive.
    20 Dec 2012, 08:33 AM Reply Like
  • Microloan
    , contributor
    Comments (14) | Send Message
     
    This would have made the brokers seek other employment. ML is the leading money maker for BAC and will be in the future as interest spreads have all but evaporated. Support those who make the money and pay the dividends.
    20 Dec 2012, 09:42 AM Reply Like
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