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November 20th, 2008

Bank dealmaking circus=recruiting bait?

Posted by: Christian Plumb

Some in the financial industry apparently smell opportunity in the latest round of mergers and blood-letting among top banks.

Referring to the Wells Fargo takeover of Wachovia as the WWF and placing Bank of America CEO Ken Lewis atop a bucking Merrill Lynch bull are just a couple of the attention-getting devices financial sector recruiting firm RJ & Makay uses in its latest promotional You Tube video.

Branching out from a previous video aimed at Merrill Lynch brokers, the new “Billion Dollar Video” (the company claims assets from advisers brought to them via these viral recruiting tools represent billions of dollars) targets all financial advisers but specifically appeals to those currently at Merrill Lynch and Wachovia.

Those brokers are grappling with with the question of whether to accept a retention/transition package, move to another firm or go independent. RJ & Mackay is clearly hoping they'll opt to walk and chose the firm to advise them on where to go next.

The just over four-minute short could help at least get their attention. It's an equal opportunity stick poker, targeting all the big hits of this financial season. JP Morgan Chase, Bear Stearns, Fannie and Freddie are all in there along with Lehman, Buffett, Goldman, AIG, Morgan Stanley, Bernanke, Paulson, the government bailout, executive greed, executive kool-aide dispensers and dealing with those pesky gnats, known as recruiters.

Watch here:

September 19th, 2008

Lehman, AIG workers get one break in Chicago

Posted by: Reuters Staff

CHICAGO (Reuters) - Employees of Lehman Brothers and insurance giant AIG looking to cry in their beer following a week of turmoil at the troubled companies can at least find a half-priced drink at one Chicago restaurant.

“Everybody is freaking out. We wanted to do something to make their day a little better,” said Scott Weiner, co-owner of The Fifty/50 restaurant that is offering half-off bar and restaurant tabs for anyone who can prove they work or worked for AIG or Lehman Brothers.

Lehman’s parent company filed for bankruptcy this week and AIG was bailed out by the U.S. government. In addition to job losses, the former’s stock traded for pennies while the latter was below $5 a share.

The offer is good Sunday through Thursday until October at the restaurant west of downtown Chicago. Weiner said 20 or 30 people, many of whom he had gotten to know while managing another restaurant frequented by employees of the financial companies, had already accepted the half-price discount.