The enforcement of post-employment restrictions continues in the financial services industry. Advisor Hub recently reported that Merrill Lynch and its new advisor-employee were sued by Fidelity Brokerage Services. Fidelity sought to enjoin both Merrill Lynch and the advisor from continuing solicitation of customers by the advisor. » Read More
I was recently interviewed by Fundfire, a financial services industry on-line publication, regarding J.P. Morgan obtaining a temporary restraining order as it pursues an arbitration case against seven advisors who left to launch an independent shop with LPL Financial. This is yet another case involving the protections of the industry’s agreement called the Protocol for Broker Recruiting. » Read More
The article,”Amazon Sues New Target Executive” caught my eye in today’s The Wall Street Journal. Amazon, the executive’s former employer, is concerned he will leak trade secrets to his new employer, Target. Watch my video blog below to learn more about the case and my thoughts on the matter. » Read More
I was recently interviewed by Fundfire, a financial services industry on-line publication, regarding a Morgan Stanley financial advisor team that was sued by their former employer, J.P. Morgan, after they jumped ship to Morgan Stanley earlier this year. J.P. Morgan has alleged breach of contract, misappropriation of trade secrets and unfair competition among others. » Read More
The next critical step to take in the negotiation of an employment package is:
The Termination Scenarios. Defining the circumstances under which the employment relationship can be terminated is essential. Considerable attention should be paid to the definitions of “cause” and “good reason.”
As discussed in my last post, there are several critical steps to take in the negotiation of an employment package. Let’s move on to steps #2 and 3.
Show Me the Money. In evaluating the salary component of a compensation package, it is essential that the executive be realistic not only about his or her financial requirements but also about the value he or she brings to the employer and what the market will bear.
There are several critical steps to take in the negotiation of an employment package. Clients come to us at all stages during the employment process – at the commencement of a job search, upon receipt of a term sheet by a potential employer, when an offer letter or employment agreement is to be negotiated, or following termination. » Read More