we got the qtrly email listing excuses as to why Chuck should be rated as BE but instead was given 16 million last year. expenses continue to be reduced yet this imbecile still can’t boost revenue
& some lemmings rate his communication as 5 stars. These people should be embarrassed.
Yes the market yield curve is forecasting a recession, but what should be baffling you is that BNY has already been in a recession for 2 full years.in a red hot economy.
The market yield curve is forecasting a recession, and while that baffles experts, it cannot be ignored. ALL companies are nervous about this.
To target BNY just shows ignorance of business - and the economy - in general. And maybe a bit of magical thinking. People that work for a financial company should be smarter than that. That applies to US as well as Charlie.
Having said that, BNY should respect their employees better, and eliminate useless failed policies. And they should STOP saying really STUPID things to/about workers in group meetings and town halls. Like BE ratings, that just adds insult to injury. We get it.
Those that can leave, will. And those that remain will frequent this blog and bash the company.
Great. They beat lowered expectations..
I don't recall the yield curve being the scapegoat in years past. The economy is booming, why can't Charlie and his goons bring in revenue? Everytime one of the make posts about talent, Goldilocks, etc I want to yell and tell them to do their job. You can only cut expenses so far, and using that as your mechanism to get revenue numbers is a really bad sign. Hope the board is watching