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David Darnell tells Merrill Lynch advisors he won't mess with their pay

But recruiters say all comp factors don't necessarily show up on the official payout grid

Author Brooke Southall September 8, 2011 at 3:07 PM
2 Comments
no description available
David Darnell spent time today letting Merrill Lynch brokers know that he's a banker sympathetic to generous brokerage compensation.

Sallie Krawcheck

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Furey

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Leitner Sarch

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Danny Sarch

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Scott Miller

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Mike Papedis

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David Darnell


Jeff

Jeff

September 8, 2011 — 4:20 PM

I wish I had a dollar for every presentation I made to my brokers once we were aquired by BofA saying “your comp won’t change”. I’d be rich!

It did change…..

Brooke Southall

Brooke Southall

September 8, 2011 — 4:24 PM

Jeff,

Thanks. Your comment is too interesting not to understand it better.

Are you referring to when you worked at Montgomery Securities? Can you offer a little more history and how the comp changed?

many thanks,

Brooke


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