Wall Street: Slash and burn

The worst may be behind us for the economy but Wall Street continues to slash and burn support staff in the retail industry. I find this pretty ironic. On the one hand, Wall Street is offering huge compensation packages to recruit top talent or enticing financial advisors to stay home with handsome retention payments. On the other hand, they are squeezing costs in home office support, especially for marketers of the firm's various fee-based offerings.

Look for my next newsletter on this topic the old-fashioned way -- in your mailbox. Or drop me a line and I'll email it to you.