Comments on: You Mean You’re A Wealth Adviser, A Senior Vice President, And You Didn’t Know This? Come Again? http://blog.5m10y.com/2008/09/23/you-mean-youre-a-wealth-adviser-a-senior-vice-president-and-you-didnt-know-this-come-again/ 5 Million Dollars. 10 Years. This is the story of my journey. Fri, 20 Aug 2010 11:31:55 +0000 hourly 1 http://wordpress.org/?v=3.0 By: admin http://blog.5m10y.com/2008/09/23/you-mean-youre-a-wealth-adviser-a-senior-vice-president-and-you-didnt-know-this-come-again/comment-page-1/#comment-37 admin Thu, 30 Oct 2008 12:10:45 +0000 http://blog.5m10y.com/?p=318#comment-37 First of all, it's not "had to put 50% of their pay into company stocks". It's more like they were paid partly in company stocks. There's a difference there! Secondly, I don't remember calling him idiot--it was YOU who put that label on him. Thirdly, and most importantly, he said he was "wiped out". Now, he might be exaggerating here. But if he was really "wiped out", then I stand by my position that he is CLUELESS, ESPECIALLY given him being a wealth adviser. He should have adjusted his expenses such that he was able to put some of the rest of his money in something other than Lehman stocks! Do some thinking first before you start calling people idiots. First of all, it’s not “had to put 50% of their pay into company stocks”. It’s more like they were paid partly in company stocks. There’s a difference there!

Secondly, I don’t remember calling him idiot–it was YOU who put that label on him.

Thirdly, and most importantly, he said he was “wiped out”. Now, he might be exaggerating here. But if he was really “wiped out”, then I stand by my position that he is CLUELESS, ESPECIALLY given him being a wealth adviser. He should have adjusted his expenses such that he was able to put some of the rest of his money in something other than Lehman stocks!

Do some thinking first before you start calling people idiots.

]]> By: John Smith http://blog.5m10y.com/2008/09/23/you-mean-youre-a-wealth-adviser-a-senior-vice-president-and-you-didnt-know-this-come-again/comment-page-1/#comment-36 John Smith Wed, 29 Oct 2008 15:12:38 +0000 http://blog.5m10y.com/?p=318#comment-36 You are an idiot, Managing directors at Lehman had to put 50% of their pay into company stocks and could not hedge. VPs 20%. Do some research before you start calling people idiots. You are an idiot, Managing directors at Lehman had to put 50% of their pay into company stocks and could not hedge. VPs 20%. Do some research before you start calling people idiots.

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