So after all the talk about management being good, bad or average. .....its quite simple. Judge them on their own performance......share price down 14% in a week. Horrendous company strategy leading to very poor results. And now on top of that they have a very poor reputation and have disrepected their very own employees even further. Thoughts on this ?
11 replies (most recent on top)
Sell sell sell ......stock is dropping faster and faster....
It’s not difficult to see how miserable of a work environment it is. Just walk around the building and look at the expressions.
Anyone who did not sell in 2008-9 really should not be working in Financial Services.
Now is the time to go short? Some say share price will be closer to 40 per share when qtr 1 results released. So go short now and buy back in April ??
To upper management from the sinatra lovers....
Dont bother they're here ( send in the clowns)
Saw the writing on the wall. Dumped stock last year. Suggest shorting if you can.
All these leaders who are brought from the "gone down the drain" financial companies, come with an aura of arrogance and treat people who are already with the bank like real sh–. How they get comfortable here is to bring their own team of people and for that they use the BE where the HR like puppets help to get rid of loyal employees and instead replace them with these people's own friends and family. The "new comers"comment as all the systems so far functioning is real garbage. If they had built world class systems why did they not remain in their old jobs, all these people are laid off and came here and all I want to see is some "respect" shown. Transferring to new technology is a must, but does not mean to "throw" away anything that's working and spending money just for the "sake of change" - this is what I see happening around the bank. No one has a clue of anything and these people are like mushrooms suddenly appearing, beware there are many "poisonous" ones and change is not always good sometimes!
Best post on this site. Employees judged on performance. That includes top brass. Results of their performance = Fail. So the board will remove them?
As the saying goes, garbage in, garbage out. The upper management of this firm is garbage. The CEO’s of the past 15 years have been inbreds. On top of that, to hire people from the very companies that tanked the economy during Economic crisis makes absolutely NO SENSE. Leadership from JP Morgan, etc should be viewed as toxic waste.
Nothing will change until the Bank changes. 4 straight CEOs have stated that their strategy is to grow revenues faster than expenses. Unfortunately this is a goal, not a strategy. After 22 years of this goal shouldn’t there be a strategy?
Not very surprised by the shares dropping. Word is out on the street about how inept those in the top are. If you treat your employees badly then that means you treat your clients badly as well. Your clients like a steady employee working with them esp if they have a good working relationship. Much better than having one employee working on their portfolio one week then another the week after and so on. If clients sense a bit of uncertainty they surely will think about taking their business elsewhere. Whatever strategy the top had in mind is most def being disseminated poorly. Who suffers? The employees - meaningless layoffs, stress, etc. Not sure what direction the top thinks they are taking this company other than downwards. Sad