Bear Stearns reps get retention deal
Recruiters think JPMorgan's package might not be enough to keep Bear's largest producers from jumping ship.
JPMorgan Chase & Co. has offered Bear Stearns brokers a retention package worth 100% of production upfront, and another growth-based bonus after three years.
Bear reps producing $500,000 or more qualify for the upfront award, paid 75% in cash, 25% in stock.
It's a seven-year deal, so if brokers l
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