Putting Bear Stearns to rest is tricky
TheStreet.com reports that some analysts are "furious" over a recent decision that characterizes them as "non-administrative" personnel. At first blush, one would think that is an accurate assessment. Then again, the company deemed them revenue generating, which also is a bit hard to believe. I don't see stock analysts as administrative in any way. I doubt they see themselves that way. Analysts may not be a real revenue center any more, but administrative? When you consider that administrative employees qualify for a better severance payout, it all becomes clear. Everyone else in research was deemed administrative.
For more:
- here's the article from TheStreet.com
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