If you were worried about the recent Morgan Stanley layoffs, lay your fears to rest.
Recruiters say that the pink-slipped workers will be able to find new jobs relatively easily. Both Edward Jones and Robert W. Baird are hiring, and Morgan Stanley Smith Barney refugees will be attractive prospects.
Those exiting wirehouses would also do well to consider community banks and insurance companies, recruiters say.
"There are firms out there that pride themselves on taking a $75,000 producer and turning him into a $300,000 producer," Mitch Vigeveno, a recruiter with Turning Point Inc, told Investment News. (Investment News)
Catastrophe (Deal Journal)
Japan will be dealing with the aftermath of the earthquake last week for an untold amount of time; see how various banks are coping with the tragedy.
Avoiding Layoffs (Reuters)
Rumors of compulsory redundancies plague every merger that takes place, but chief executive of Deutsche Boerse said that the exchange will avoid forced layoffs and -- more good news -- allow employees to choose the name for the new company.
Scaling Downward (Bloomberg)
Warren Buffett practices what he preaches on executive compensation: he'll draw a $100,000 salary for 2010 and won't receive a bonus.
HSBC Managing (WSJ)
Peter Wong, HSBC's chief executive for Asia, said that in the future he could see a CEO from Asia running the firm. He also said that you need to pay people well in order to retain them.
Blaming Recruiters? (Forbes)
Ever feel discouraged after lobbing your resume into cyberspace and never hearing anything back from recruiters or HR? One recruiter says it's not your fault.
How to Deal With Mistakes (NYT)
People mess up. When someone in your office does, don't publicly blame them or complain about them to your boss.
Getting Fired (The Altucher Confidential)
If you're given the pink slip, it's important not to lapse into a TV-watching coma. Set up lunches, wear your suit around town, and figure out where you can slash expenses.
Guilty Feelings (AOL Jobs)
These days, your boss can always reach you at home, even if you're reading bedtime stories to your kids. Men don't feel guilty when they take a work call, but women do, a new study says.
List of the Day: Top Internships
The top finance internships came out a few weeks ago; now here's a list of the top internships across all industries, according to Vault. Here are some finance shops that made the overall list:
2. JPMorgan's Investment Bank
3. Northwestern Mutual Finance Network
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