Buyer’s Remorse on Wall Street

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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.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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