Summary
IT'S an expensive way of stopping rival banks poaching your key staff, but ABN Amro has struck a deal with its financial advisers that they won't hire any of its staff during its Pounds 50 million takeover battle. That means Goldman Sachs, Morgan Stanley, Deutsche Bank and UBS have all said they won't nick ABN staff. So too has favoured bidder Barclays and its adviser Deutsche Bank.
The moratorium comes after ABN offered its staff a one-year lock- in deal guaranteeing them at least the same level of pay and bonus they received last year if they signed up.See the full content of this document
Extract
It's an Expensive Way of Stopping ; Cityspy
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