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LPL poaches top Dell exec to rewire outsourcing and head hundreds in new technology 'town'

Victor Fetter is reporting directly to Mark Casady and will help hire 60 techies in the next 45 days

Author Kelly O'Mara December 14, 2012 at 5:57 AM
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Victor Fetter will be the face of LPL's technological skunkworks in North Carolina


Elmer Rich III

Elmer Rich III

December 14, 2012 — 5:09 PM

There is research that promotions from within are more successful than outsider hires. Also, and obstacle to people coming into our industry who have not grown up in it is the massive and complex compliance burden. This is extremely hard for new people to adopt to and tolerate. It can seem like a horrible “strait-jacket.” It’s not, but often seems that way.

But let’s admit all of us in the business are a bit geeky in our acceptance and interest in compliance matters. Some of us actually LIKE all of that! lol

Still, the industry needs new talent and different ideas and perspectives — and just more bodies!

Based on the data we see, we see no business benefit of social media, the web and much else online – other than customer service (sort of) and buying stuff online. Of course, the challenges the vast sales claims — but sales and data rarely meet.

Bill Winterberg

Bill Winterberg

December 19, 2012 — 7:53 PM

Q2 2012 PC shipments were 87.5 million units, falling 5.7% from the same period in 2011 (Gartner, July 2012).

HP led in total shipments with 13 million, with Lenovo (12.8 million) and Acer (9.6 million) rounding out the top three.

Dell’s year-over-year growth fell 11.5%, landing it in fourth place with 9.3 million shipped.

To me, the grass seems a bit greener at LPL.

Elmer Rich III

Elmer Rich III

December 19, 2012 — 8:27 PM

Data! We love data. Thanks. “Smart money leaves first.” Certainly the margins are a whole lot better in financial services. There is still that pesky problem of unending compliance, however. lol

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LPL Financial
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