As recently as the 1970s, it was not out of line to have three martinis over lunch. Now, the battle to sober up the work force is by many accounts over; the victors may raise their soft drinks and sparkling water in celebration. Many modern employee contracts forbid the consumption of alcohol. Even Morgan Stanley has instructed its bankers to avoid the liquor cabinet whenever possible. Forgoing the cocktail, it turns out, is a smart decision. A paper published in the Journal of Consumer Psychology found that job candidates who ordered a glass of wine during an interview over dinner were viewed as less intelligent even when the interviewer ordered a glass of wine, too. Other experiments showed that Americans link even moderate drinking with stupidity. Another paper published in Consciousness and Cognition found a couple of drinks might make workers less focused, but more creative.
The 17-member Wickham Cash Partners team, which has yearly production of about $17 million, is based in North Carolina.
Blackstone, iPipeline, Anthem, New York Life, LISI and Benefitfocus also have personnel change news.
"Everyone asks what's next" after the Schwab-TD Ameritrade deal, Orion CEO Eric Clarke tells ThinkAdvisor.
Sponsored by Cetera Financial Group
Do you know the difference between client experience and customer service? The answer is crucial.
Sponsored by T. Rowe Price Investment Services, Inc.
The “reflation trade” appears real, but risks are still elevated.
Sponsored by J.P. Morgan Asset Management
As retirement plan participants worry about running out of money, inflation, interest rates, and much more, plan sponsors look to your guiding hand to help ease fears and set participants on the course for success.
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