Full disclosure I was forced into this dreaded DM job when Wachovia was acquired. Was there several years (Cali market) and worked with the sc-mmiest of the sc-m some of where mentioned in the WSJ. Curious to know how things have channgrd since many of the sc-mbags I worked with remain.
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Still the same sc-m. Just sc-mmier. The corruption continues!
Majority of DMs working now are the same DMs that were present during the sales scandal. Many that weren’t DMs then were “successful” sellers during that time and before, so they have the mentality of do whatever and if you get caught, on your head be it. Not much has changed.