Edward’s
Edicts
The Business Principles on which Wedbush Was Built
To Work is a Privilege
Get It Done, Do It Now
It’s “Los Angeles,” Not “La”
Work Half a Day, 5 to 5
Fight for What is Right
Avoid a Marine Corp Manual
Signatures Must Be Legible
“Everyone Does It That Way” is Never Thе Right Reason
Buy Low and Buy Lower
Do Not Preface Statements With “to Be Honest”
Encourage Ownership Throughout the Firm
Write It, Don’t Say It
Allocate All Expenses, Big and Small
The Author Must Always Sign and Date Their Work
Incentives Should Be Awarded More Often Than Yearly, Monthly if Possible
Control of Your Professional Destiny is Priceless
We Are Not a “Regional” Firm
Shun Lavish Client Entertainment
If It’s Not Documented, It Didn’t Happen
Continued Education and Training Are Invaluable
Always Attempt to Keep Your Options Open
Cost Accounting
Pay Incentives on the Bottom-line Never on The Top-line
Mother Hen
You Cannot Save Your Way to Growth
Avoid Long-term Debt
Bury Cynicism
Minimize Conference Rooms
Favor Variable Expenses Over Fixed Expenses
Prohibit Evergreen Clauses in Contracts
Watch the Balance Sheet Closely
Firm Risk-takers Must Have Skin in the Game
Attorney’s Fees Should Be Negotiated And Closely Managed Emphasize Client Safety
Innovate
You Have to Sell Your Soul to the Company Store
Always Be Friendly and Respectful When
Relating to Colleagues