Yes, it happens all the time. Deferred compensation in most companies is a carrot dangled for fools. The company can cut it off any time. There is no honor, no shame, no guilt. It all brings up horrible memories.
I tell kids to take a job only for the training and then quit and go independent if you can as soon as you can. Many times Corporations will not keep you through the valleys. The unwritten contract of loyalty between labor and management is pretty much just dead. You’ll only be kept and paid as long as you are immediately useful. Not useful for any time, thrown away.
My private banker at BoA was summarily dismissed just as your wife. After that the bank got worse each time I went there. Eventually it looked like a pay day loan agency for illegals. The staff were all spanish speakers. The day one of them made a remark about my balance I told him to get the manager. In his presence at the counter I told them very loudly I wanted a cashier’s check for my entire balance, all my business accounts.
I hate Bank of America. They insult what was once a great name and nation.
I agree fully with your “complements” of BA (grin!!). No, they were very unfair to my wife and all those people. That was back in 2002 I think that this happened. For the first three for four years, all the people that worked with her, except one, had not found jobs. One man had been there 20 years or so, had four kids, two in college. He could not find a job. My wife took three months off and then went looking. She finally found one at LESS than half what she was making, at a small bank. She worked for a young woman half her age and no experience. My wife had to do a lot of this woman’s work and teach her how to run an office. Finally, we threw in the towel, packed our house, and moved out of WA state home to Alabama.
Were you aware that the Bank of America was originally named the BANK OF ITALY.