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cashflow- You should reconsider reading anything written by Blodget – he was banned from the securities industry by the SEC due to the Merrill chinese wall scandal. The man is a crook and a liar.

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cashflow- You should reconsider reading anything written by Blodget – he was banned from the securities industry by the SEC due to the Merrill chinese wall scandal. The man is a crook and a liar.

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For those who feel redemption on BSC failing as payback for all the bad loans written- BSC failing is not good for you or anyone else. I assume most of you don’t stuff your dollars under the mattress – so how would you feel if your bank has a run on it and you lack access to cash – anyone know how long before you get your $$ back from FDIC? Or if others started charging you a premium to accept your checks due to the level of risk they feel they are undertaking by accepting a check from your bank? Swap trades were done at a premium last week involving Bear. JPM bought BSC in part due to what a failure would have done to its own balance sheet, and ward off additional counterparty risk. Its not as cheap as the superficial details portrays – this deal will cost $6B estimated in transaction costs to JPM.

BSC “rapid” deterioration was a modern day run on the bank. If Lehman or another bank fails this week- what will it do to the banking sector? There are complex interdependencies amongst all the banks. If everyone suddenly withdrew their cash positions and stopped doing business with their bank- even for a day, as happened throughout the last week at Bear in their institutional business, what do you think will happen? Don’t cheer too loudly if you’re not willing to risk your own $$$s in the bank.

[zzz]

For those who feel redemption on BSC failing as payback for all the bad loans written- BSC failing is not good for you or anyone else. I assume most of you don’t stuff your dollars under the mattress – so how would you feel if your bank has a run on it and you lack access to cash – anyone know how long before you get your $$ back from FDIC? Or if others started charging you a premium to accept your checks due to the level of risk they feel they are undertaking by accepting a check from your bank? Swap trades were done at a premium last week involving Bear. JPM bought BSC in part due to what a failure would have done to its own balance sheet, and ward off additional counterparty risk. Its not as cheap as the superficial details portrays – this deal will cost $6B estimated in transaction costs to JPM.

BSC “rapid” deterioration was a modern day run on the bank. If Lehman or another bank fails this week- what will it do to the banking sector? There are complex interdependencies amongst all the banks. If everyone suddenly withdrew their cash positions and stopped doing business with their bank- even for a day, as happened throughout the last week at Bear in their institutional business, what do you think will happen? Don’t cheer too loudly if you’re not willing to risk your own $$$s in the bank.

[zzz]

For those who feel redemption on BSC failing as payback for all the bad loans written- BSC failing is not good for you or anyone else. I assume most of you don’t stuff your dollars under the mattress – so how would you feel if your bank has a run on it and you lack access to cash – anyone know how long before you get your $$ back from FDIC? Or if others started charging you a premium to accept your checks due to the level of risk they feel they are undertaking by accepting a check from your bank? Swap trades were done at a premium last week involving Bear. JPM bought BSC in part due to what a failure would have done to its own balance sheet, and ward off additional counterparty risk. Its not as cheap as the superficial details portrays – this deal will cost $6B estimated in transaction costs to JPM.

BSC “rapid” deterioration was a modern day run on the bank. If Lehman or another bank fails this week- what will it do to the banking sector? There are complex interdependencies amongst all the banks. If everyone suddenly withdrew their cash positions and stopped doing business with their bank- even for a day, as happened throughout the last week at Bear in their institutional business, what do you think will happen? Don’t cheer too loudly if you’re not willing to risk your own $$$s in the bank.

[zzz]

For those who feel redemption on BSC failing as payback for all the bad loans written- BSC failing is not good for you or anyone else. I assume most of you don’t stuff your dollars under the mattress – so how would you feel if your bank has a run on it and you lack access to cash – anyone know how long before you get your $$ back from FDIC? Or if others started charging you a premium to accept your checks due to the level of risk they feel they are undertaking by accepting a check from your bank? Swap trades were done at a premium last week involving Bear. JPM bought BSC in part due to what a failure would have done to its own balance sheet, and ward off additional counterparty risk. Its not as cheap as the superficial details portrays – this deal will cost $6B estimated in transaction costs to JPM.

BSC “rapid” deterioration was a modern day run on the bank. If Lehman or another bank fails this week- what will it do to the banking sector? There are complex interdependencies amongst all the banks. If everyone suddenly withdrew their cash positions and stopped doing business with their bank- even for a day, as happened throughout the last week at Bear in their institutional business, what do you think will happen? Don’t cheer too loudly if you’re not willing to risk your own $$$s in the bank.

[zzz]

For those who feel redemption on BSC failing as payback for all the bad loans written- BSC failing is not good for you or anyone else. I assume most of you don’t stuff your dollars under the mattress – so how would you feel if your bank has a run on it and you lack access to cash – anyone know how long before you get your $$ back from FDIC? Or if others started charging you a premium to accept your checks due to the level of risk they feel they are undertaking by accepting a check from your bank? Swap trades were done at a premium last week involving Bear. JPM bought BSC in part due to what a failure would have done to its own balance sheet, and ward off additional counterparty risk. Its not as cheap as the superficial details portrays – this deal will cost $6B estimated in transaction costs to JPM.

BSC “rapid” deterioration was a modern day run on the bank. If Lehman or another bank fails this week- what will it do to the banking sector? There are complex interdependencies amongst all the banks. If everyone suddenly withdrew their cash positions and stopped doing business with their bank- even for a day, as happened throughout the last week at Bear in their institutional business, what do you think will happen? Don’t cheer too loudly if you’re not willing to risk your own $$$s in the bank.

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doublewide- you should probably call their fraud department and ask to speak to a manager….find out why you’re suddenly having these issues and how it can be resolved.

i have used Chase for over 10 years for pts and like you, pay off the balance every month. i use my card for everything and have had the numbers stolen – card in my possession – no less than 5 times. they have called me over the years as i’m traveling to question charges that were not mine, and when the numbers have been stolen, they cancel my card and overnight one to me wherever i am. i have found their customer service actually to be quite good.

i agree with jpinpb – identity theft is rampant. just be glad they are on the overbearing side – the hassle of not being able to use your card several times recently is a lot better than the hours and weeks you’ll spend if you’re the victim of identity theft.

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doublewide- you should probably call their fraud department and ask to speak to a manager….find out why you’re suddenly having these issues and how it can be resolved.

i have used Chase for over 10 years for pts and like you, pay off the balance every month. i use my card for everything and have had the numbers stolen – card in my possession – no less than 5 times. they have called me over the years as i’m traveling to question charges that were not mine, and when the numbers have been stolen, they cancel my card and overnight one to me wherever i am. i have found their customer service actually to be quite good.

i agree with jpinpb – identity theft is rampant. just be glad they are on the overbearing side – the hassle of not being able to use your card several times recently is a lot better than the hours and weeks you’ll spend if you’re the victim of identity theft.

[zzz]

doublewide- you should probably call their fraud department and ask to speak to a manager….find out why you’re suddenly having these issues and how it can be resolved.

i have used Chase for over 10 years for pts and like you, pay off the balance every month. i use my card for everything and have had the numbers stolen – card in my possession – no less than 5 times. they have called me over the years as i’m traveling to question charges that were not mine, and when the numbers have been stolen, they cancel my card and overnight one to me wherever i am. i have found their customer service actually to be quite good.

i agree with jpinpb – identity theft is rampant. just be glad they are on the overbearing side – the hassle of not being able to use your card several times recently is a lot better than the hours and weeks you’ll spend if you’re the victim of identity theft.

[zzz]

doublewide- you should probably call their fraud department and ask to speak to a manager….find out why you’re suddenly having these issues and how it can be resolved.

i have used Chase for over 10 years for pts and like you, pay off the balance every month. i use my card for everything and have had the numbers stolen – card in my possession – no less than 5 times. they have called me over the years as i’m traveling to question charges that were not mine, and when the numbers have been stolen, they cancel my card and overnight one to me wherever i am. i have found their customer service actually to be quite good.

i agree with jpinpb – identity theft is rampant. just be glad they are on the overbearing side – the hassle of not being able to use your card several times recently is a lot better than the hours and weeks you’ll spend if you’re the victim of identity theft.

[zzz]

doublewide- you should probably call their fraud department and ask to speak to a manager….find out why you’re suddenly having these issues and how it can be resolved.

i have used Chase for over 10 years for pts and like you, pay off the balance every month. i use my card for everything and have had the numbers stolen – card in my possession – no less than 5 times. they have called me over the years as i’m traveling to question charges that were not mine, and when the numbers have been stolen, they cancel my card and overnight one to me wherever i am. i have found their customer service actually to be quite good.

i agree with jpinpb – identity theft is rampant. just be glad they are on the overbearing side – the hassle of not being able to use your card several times recently is a lot better than the hours and weeks you’ll spend if you’re the victim of identity theft.

[zzz]

You’re in sales but you didn’t mention anything about commissions or override on the performance of your team as a manager? Well you said sales more or less, so I’m guessing you’re not the outside new sales guy. Here are some questions I have and ones you may want to ask with respect to new role, as well as negotiate on.

–What is the OTE for the position as a manager? Is there no variable comp built in? Do you have commissions/ bonuses today in your current role?

–You may want to consider accepting a lower base IF your OTE is higher AND there actually people at that level achieving OTE or exceeding it. IF you cannot find that a good majority of the people achieve OTE, then its probably not a realistic sales target for the current stage of the solution/company, or the sales guys aren’t very good at what they do.

–OR, the lower base is commensurate with a change in role. For instance -if say you’re in a pre-sales sales engineer role, the bases tend to be higher, but the overall comp is lower than the saleperson. The salesperson’s base is typically 20-30% lower in some instances, but IF you do your job and you have a saleable product / captive audience, you should make far more than you could have as a sales engineer.

–If they cannot negotiate on base, negotiate on commissions. If they pay you an override based on team performance, negotiate a higher step up, accelerator above target, etc.

If you believe in the company, and this role enables you to make more money if your team produces, then you should go for it – stock options or not. Sales is about taking risks, otherwise what would be the point in putting yourself on the front line if there was not the possibility of bigger rewards?

[zzz]

You’re in sales but you didn’t mention anything about commissions or override on the performance of your team as a manager? Well you said sales more or less, so I’m guessing you’re not the outside new sales guy. Here are some questions I have and ones you may want to ask with respect to new role, as well as negotiate on.

–What is the OTE for the position as a manager? Is there no variable comp built in? Do you have commissions/ bonuses today in your current role?

–You may want to consider accepting a lower base IF your OTE is higher AND there actually people at that level achieving OTE or exceeding it. IF you cannot find that a good majority of the people achieve OTE, then its probably not a realistic sales target for the current stage of the solution/company, or the sales guys aren’t very good at what they do.

–OR, the lower base is commensurate with a change in role. For instance -if say you’re in a pre-sales sales engineer role, the bases tend to be higher, but the overall comp is lower than the saleperson. The salesperson’s base is typically 20-30% lower in some instances, but IF you do your job and you have a saleable product / captive audience, you should make far more than you could have as a sales engineer.

–If they cannot negotiate on base, negotiate on commissions. If they pay you an override based on team performance, negotiate a higher step up, accelerator above target, etc.

If you believe in the company, and this role enables you to make more money if your team produces, then you should go for it – stock options or not. Sales is about taking risks, otherwise what would be the point in putting yourself on the front line if there was not the possibility of bigger rewards?

[zzz]

You’re in sales but you didn’t mention anything about commissions or override on the performance of your team as a manager? Well you said sales more or less, so I’m guessing you’re not the outside new sales guy. Here are some questions I have and ones you may want to ask with respect to new role, as well as negotiate on.

–What is the OTE for the position as a manager? Is there no variable comp built in? Do you have commissions/ bonuses today in your current role?

–You may want to consider accepting a lower base IF your OTE is higher AND there actually people at that level achieving OTE or exceeding it. IF you cannot find that a good majority of the people achieve OTE, then its probably not a realistic sales target for the current stage of the solution/company, or the sales guys aren’t very good at what they do.

–OR, the lower base is commensurate with a change in role. For instance -if say you’re in a pre-sales sales engineer role, the bases tend to be higher, but the overall comp is lower than the saleperson. The salesperson’s base is typically 20-30% lower in some instances, but IF you do your job and you have a saleable product / captive audience, you should make far more than you could have as a sales engineer.

–If they cannot negotiate on base, negotiate on commissions. If they pay you an override based on team performance, negotiate a higher step up, accelerator above target, etc.

If you believe in the company, and this role enables you to make more money if your team produces, then you should go for it – stock options or not. Sales is about taking risks, otherwise what would be the point in putting yourself on the front line if there was not the possibility of bigger rewards?

[Author]

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