A bit of reality....CS knew the writing was on the wall and jumped ship. The numbers are not recoverable. His plan was always short term as were the board. The slashing of numbers will continue and then a merger will be announced. Now all the people that backed CS will have to jump but I do not think they will. Shocking company with zero morals.
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Did he jump, or was he pushed?
From what I've read, he's on a lot less in his new job with a company in a sh–tier position than BNYM.
Did the board maybe invite him to pursue a career elsewhere and allow him to make it look like it was his own decision?
True true to OP.
Parts of the business must be sold. Matching buyer and price is the challenge!
Wells Fargo of course
This is what a company would look like if it was run by Forrest Gump. Simple fix get managers with an iq over 70 and the company will improve.
AUM is increasing. PROFIT is falling. This is all down to incompetent management. Asset str—ers will do business with BNY
Wells Fargo
Who would want to do a merger with us?