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Everyone, from management assistants to branch managers, gets a base salary of around $30,000 plus a sliding percentage of profits at their branches.
Branch managers were like kings.
Branch managers cold-called lifelong clients.
Branch managers determine resource allocation, staffing levels, and salaries.
"This attracts the best branch managers, who increase sales and control costs," Mr. McQuaid said.
They would also give branch managers data on individual customers so they can suggest new wines.
The bank said it would hire tellers, branch managers and top executives.
Even branch managers have earned bonuses of $50,000 a year for bringing in new business.
It said they would not be "treated as branch managers" who simply took orders from headquarters.
Clay said that he had involved branch managers and staff in devising the plan.
These aggressive rivals scooped up many of CBA's old branch managers, loan officers, and customers.
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CEO of Professional Science Editing for Scientists @ prosciediting.com