Penny spent some more of her displaced associates money today. Penny brought former St. Louis Blues player Chris Pronger in to the home office today to preach about the importance of what we do. Pronger said he needed financial guidance when he received a $7 million four year contract with a $4 million signing bonus at the age of eighteen. Penny and team are either tone deaf and/or just do not care. Penny has laid off people making five figures and trying to figure out which bill to pay this month by sending jobs to India. Penny has demoted some of her Enterprise Reimagined survivors who are now scraping by. Penny brings in a 51 year old ex jock who was a multimillionaire at the age of eighteen. This saga just keeps getting worse at the home office. Penny is just rubbing salt in the wounds of everyone affected by her Enterprise Reimagined project. How can Pronger give a speech about his financial life? Who did he think he was speaking to? Did he think he was speaking to a room full of Edward Jones ELT members who make eight figures annually? The most amazing part of Pronger's speech was when he said he too had navigate retirement woes. The man is 51. He could have retired at the age of 18 with his signing bonus if he wanted to. The home office has people literally making $40,000 per year and he is lecturing us about his retirement woes. Some of the people at the home office have been working there for decades and have no idea when they will be able to retire. They may have to work until the day the die thanks to Penny. Now, because of Penny, these people also have to look over their shoulders at the fear of losing their five figure job to someone in India. The change in culture from JW to Penny is absolutely stunning. Let's run down the cavalcade of rich people Penny has brought in to lecture the firm, Magic Johnson, Simone Biles, Hoda Kotb, and Chris Pronger. Penny said her biggest mistake was spending too much money when she first became managing partner. Penny is now slashing expenses (labor), but still wasting money which has nothing to do with serving clients better by bringing these people in who never say anything worthwhile or practical to their audience. Chris Pronger now runs a luxury travel agency in Chesterfield, MO. Maybe our displaced and demoted associates can put an application in with his company. I fear though only Penny and the rest of the ELT will actually be able to be one of Pronger's clients.
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@op Penny is an initial investor in Chris' company. Not surprising she would have him come speak.
Penny is a loser who failed her way up from FA to MP.
I know Penny makes over $29 million per year, but I wonder how much personal credit card debt she and Mike have. People get into credit card debt, consolidate debt, file bankruptcy, etc., and then run up the cards again. This is exactly what Penny is doing. She spent like crazy when she took over managing partner. Slashed people. She is still wastefully spending. The firm does not have a revenue problem. The firm has a Penny problem. Penny's problem is she is a spendaholic. Penny has a problem. She just cannot help herself. I guess the question is why should someone who has a terrible time managing money running a company that asks people to entrust it to manage their money. If I were not an associate there is no way I would have my assets at Edward Jones under Penny's leadership knowing what I know. I believe Penny has the perfect name for her leadership style. If she is on the clock for much longer that is all the firm and our clients are going to have is a Penny.
@ak Spoke to a security guard after I saw him enter. They said it was only for branch associates today. Figures Penny is not going to spend any money on Home Office associates. Even if it is just to blow thousands of dollars to bring in an ex athlete.
I’m curious, who all was invited to this? I did not see an invite for this opportunity. Was it a certain division?
Why would Penny not pay to bring someone else in to speak? She has a ton of extra money to waste now that she has axed so many people. At least she did not have to fly anyone in when Chris Pronger came to the home office. I am sure Penny gave him plenty of gas money though.