Buyer’s Remorse on Wall Street

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily.


A sad story from the Wall Street Journal:

Securities firms dangled big bucks to lure thousands of brokers away from rival companies during the past two years. Now those signing bonuses are causing an epidemic of buyer’s remorse.

Some of the star financial advisers who were promised six- or seven-figure payments to jump ship have been huge disappointments, failing to generate profits for their new employer. Others quickly abandoned the brokerage firm that wooed them.

Brings tears to your eyes, doesn’t it?

In other, totally unrelated news, there might be more to the honeybee colony collapse story than the New York Times told us a few days ago. Details here.

Keep us relentless, independent, and free to read.

For 50 years, Mother Jones has offered honest, investigative reporting you can rely on:

    • Relentless in the pursuit of truth, unafraid to hold the powerful to account

    • Independent from influence or agenda from oligarchs and corporations

    • Freely accessible to every reader, never behind a paywall

But we can’t do any of this without you. Reader support powers our newsroom to stay nimble and fearless, ready for whatever story comes next. If you can, make a donation today.

Keep us relentless, independent, and free to read.

For 50 years, Mother Jones has offered honest, investigative reporting you can rely on:

    • Relentless in the pursuit of truth, unafraid to hold the powerful to account

    • Independent from influence or agenda from oligarchs and corporations

    • Freely accessible to every reader, never behind a paywall

But we can’t do any of this without you. Reader support powers our newsroom to stay nimble and fearless, ready for whatever story comes next. If you can, make a donation today.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate