Seriously, is Factset opening nee leadership positions for senior folks from Citi and JPMorgan? All these positions will cost 7 figures each, while we have constant layoffs.
BS’s email this morning had a byline for each of the new positions and it was nothing but fluff. Are we a just jobs program for old friends of BS and SV?
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What is the motivation for the year-end performance evaluation process to be simplified and moved up?
@ca lucky if there is 1% this year. Expect some will stay flat with the budget cut and coming RIF
When comp season comes around and 2% increases are the norm because there’s no budget, don’t forget that SV got a $13 million cash “make whole” award to move from JPM.
Those executives have good networks. So they may either secure business deals like the partnership with Google AI or find buyers for acquisition. Productivity is secondary to SV now that we are going through restructuring and perhaps even acquisition.