Jet's Second Act
Being small in stature, Wayne Chrebet had a tough time convincing the National Football League that he could compete as a wide receiver. Now he has to prove he can compete in the wealth management world.Chrebet, who was detained by a security guard on his first day of training camp in 1995, because the guard could not believe he actually was a football player, was hired Wednesday by Morgan Stanley as a financial adviser in the global wealth management group.
He told Bloomberg News that he has always had an interest in financial services. "Obviously, you don't hear 70,000 people cheering for you when you are doing this, but it's exciting. I love it. It's a great second career for me."
The Hofstra graduate, who retired in 2005 after spending 11 seasons with the New York Jets, will work from Morgan Stanley's office in Red Bank, N.J. — less than 20 miles from where he caught passes at Giants Stadium.
He joined Moldaver Group, a Morgan Stanley wealth management team led by senior vice president Ed Moldaver. The team consists of six investment professionals and provides a range of services to wealthy individuals.
White Glove Service
Lloyd Davidson has been a helping hand — literally.On Wednesday the president of First Bank Kansas in Salina donned a Hamburger Helper "Helping Hand" costume made by the $200 million-asset bank's cashier, and he waved to passers-by in front of the main branch.
The executive won (or lost) a contest by the Ottawa Bancshares Inc. unit's employees to promote the Project Salina food drive, conducted by six local nonprofits. First Bank Kansas employees raised over $2,200 for the drive.
Davidson said in an interview Thursday: "Some people stared at us. Some people waved. There were no obscene gestures, and I got my picture taken for the local paper. It wasn't something I would want to do on a daily basis, but for a good cause, it's fine."
The employees found ways to "pay" the three executives in the contest; the one collecting the most became the Helping Hand. Some employees sold parking spaces, and one paid Davidson to switch jobs for a day. "The guy I'm trading with actually drinks coffee for a good part of the day, so I think it's a good deal — I can handle that job," Davidson quipped.
When it closes a bank, the Federal Deposit Insurance Corp. typically liquidates much of the assets — which can include toilet paper, artificial plants, holiday decorations, popcorn carts and helium canisters for blowing up balloons.Some items have sold for a decent price, such as 50 laptops and power supplies — minus the hard drive — for a total of $3,157. Others don't fare so well; a printer with "moderate damage" has gone for 26 cents.