NEW YORK (Reuters) - Overselling a job opportunity to a coveted recruit might be commonplace, especially in the money-talks brokerage world. But firms can pay a price if managers fail to follow through on promises they make when wooing a new hire.
NEW YORK (Reuters) - Overselling a job opportunity to a coveted recruit might be commonplace, especially in the money-talks brokerage world. But firms can pay a price if managers fail to follow through on promises they make when wooing a new hire. An arbitration panel ruled that Morgan Stanley Smith Barney must pay $5 million to two brokers for making false promises when recruiting them from rival brokerage UBS. ...
NEW DELHI: Welcoming UK Prime Minister David Cameron's plan to force companies to disclose pay gap between female and male staff, Indian HR experts say such a move here will result in earning parity between the two genders. As India has already taken steps toward mandating a woman on the board, an initiative like disclosing pay gap is a good idea, say experts. Last week, David Cameron has announced plans to force large companies to publish the difference in earnings between male and female staff in a bid to ensure equal pay.
Apple Inc. (AAPL) stock hit $100 for the first time after the seven-to-one stock split in June, following a bullish endorsement by Morgan Stanley (MS) that boosted investors’ confidence in the company. Upcoming products like the iWatch, interest from institutional buyers, and a new, geared-up management were some of the reasons Morgan Stanley analyst Kate Huberty cited for the interest. The stock closed up 1.4% on the strong recommendation.
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Unregistered broker used client money to pay gambling debts (Financial Advisor)
Up until about 2006 or so, to work at J.P. Morgan Chase was to experience the feeling that you were part of the blanding of banking. In Wall Street's testosterone-fueled pecking order, the company's name might have evoked prestige of the past, but it lost that after it merged with Chase Manhattan in 2000. The esprit de corps of the place was all but obliterated, even if the pay was still pretty good.