The environment has changed drastically in the past few years. There was a time you could trust your management and know that if you were told something, it would come true. Now you can be promised a promotion one day and then they "forget" about it the next. What you do and how hard you work doesn't even matter anymore. There is no basic principle to follow if you want to progress. It's just a big mess now.
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There are no good careers ever since we were acquired in 2007 and a regional glass ceiling was quickly put in place. Maddeningly the further up the chain, the less competence, education, management and other experience. The crown jewel of custody was acquired, destroyed and dragged backwards 20 years in all respects.
The question was “I wonder who is the highest ranked officer that started at BNY or Mellon at worker bee VP or lower rank?” That is the one and only admirable thing about him of which I’m aware.
What's the difference? Hassel laid off just as many in his tenure. Wrong place to build a career? I got laid off after 25 years and it was the wrong place to END a career.
The last was Gerald Hassel. All senior staff since are serial drive by job hoppers. One to two years, a 3 or 4 mill a year and off to the next heist.
Many of the Executive Committee members were previously at Chase or JP Morgan. Other than the CEO, I don't know of any other EC member that worked their way up the ranks. I wonder who is the highest ranked officer that started at BNY or Mellon at worker bee VP or lower rank.
They’ve cut too far now. BNYM is not for you if you value work/life balance. They want to be a tech company but continue to fail in execution. All talk. And guess what, MORE LAYOFFS ARE COMING. There is no career mobility. They keep giving external hires the better opportunities, who come and rob the bank and then leave. Meanwhile they force out top talent, tenured employee. BNYM still hasn’t recovered from the ops & tech merger.
Unfortunately this company sets you up for failure everyday. No one ever goes out of their way for anyone - quite toxic. Sad that you can’t trust the people you work with.
You can thank T-dd for the decline in ethics of the firm. He's not a CEO, doesn't know how to run a company.
Not sure when that time was. In 2008 when they gave 0% raises I was told they'd make up for it when things were better.
But it turns out employees have to suffer when things are bad but don't get to share (or even break even) when times are good.
I'm in IT, not finance. You don't go out to eat if you can't afford tip, you should hire employees if you can't afford to pay.
The work volume has increased significantly but pay is still by and large mediocre. Even if you manage to stay ahead, the management structure has gotten too heavy at the top. Goals are contradictory and people are spread too thin. People have no major incentive to work together because of the stacked rankings (yes that is still a thing if you read between the lines).