You'd think Merrill Lynch executives would have learned their lesson by now. Just two weeks after getting chastised in the press for sending employees down to the Ritz-Carlton in Orlando for a "training event"—and despite all the negative PR the firm has sustained in recent weeks, including revelations about corporate pay just today—a big group of Merrill employees are now resting comfortably by the pool. Again. A tipster informed us that Merrill was conducting yet another warm-weather event at the fancy Orlando hotel today. We called the hotel, asked for the front desk, and then requested to be connected to the conference room where the Merrill Lynch conference was taking place. "Global Wealth Management," said the kindly woman who answered the phone before confirming to us that a Merrill event was, in fact, taking place at the hotel. (Alas, she wouldn't say how many Merrill employees were on hand for the conference, or if any taxpayer-funded golf events were on the agenda today.) But we're guessing Andrew Cuomo will be terribly disappointed to hear he wasn't invited.
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Merrill Lynch 'Training Sessions' Continue at the Ritz
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longshot
said at 4:53PM on Mar 04, 2009
What's wrong with their offices in New York, and why is it the only place any of these guys seem to be able to get any training done is at five star resorts? What's up with that?
MoneyMan
said at 4:57PM on Mar 04, 2009
What do you guys expert these guys to do? Cancel an event that was probably already pre-paid for months in advance???
hotelgal
said at 4:59PM on Mar 05, 2009
Interesting reporting...why would the group be by the pool but also have a conference room and legitimate meeting? And i applaud the brave broker who would throw themselves into the middle of this pathetic witch hunt to play a game of golf. Nobody asks the reason for the meeting...perhaps the hotel offered to host this meeting in exchange for liquidated damages due. And, please, MrH2O, save your naive commentary for a topic you know something about...it obviously isn't hotels.
snappygirl
said at 5:31PM on Mar 05, 2009
Merrill Lynch is not paying for this conference. Wholesalers, companies that sell funds to Merrill Lynch brokers, are paying for this conference. ML brokers are guests of these wholesalers.
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