The CEO and his underlings have created such a toxic environment here that it seems impossible to fix. They sit up high in their ivory towers, utterly disconnected from the reality of what's happening on the ground. Their minds have become completely polluted, to the point where they're living in a distorted alternate reality where everything appears to be just peachy keen. But let me give you a spoiler: things are not fine. The toxicity has seeped into every nook and cranny of the company, and it's affecting everyone.
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Good luck with your struggle. Can’t quite understand it but good luck. Hope you find some inner peace.
@2stl+1lY1yNyG Missed to add Satanic worshippers. We all spoke about the famous Keating family in the forum past and how they had close links with the Epstein, with facts and figures. So I am dealing with a Devil's advocate along with meditation and healing in my mind.
Its every year.
dictates his whole team
have become a Mafia
This place run by Soros or Gates
or any of the secret societies
the Bilderberg group pulling the strings
social experiment to the Masons ?
And finally… “We never spoke about this in the forum here”.
Darn right we never spoke about this here in the relatively rational forum here. Now, as for all of these battling personalities in your head, good luck in mediating that battle.
Excellent post and I agree with every word. Also, kudos to you for noting that the toxicity has seeped into every nook and cranny of the company, and it's affecting everyone.
Glad to have been let go of that wreck
@OP This place is a Cult . My department head just moved to Level M with 50 % more salary raise. He had his 3 cronies in the team and they got a good hike too as Level L Managers . Tbh this team does not really need 3 managers, but they are like his stepping stone. Its like a Cartel or a Lobby that are entitled to promotions or market adjustments every year. Meanwhile few of his team members got a 0 % merit due to partially met expectations. All he does is dictates his whole team what needs to be done so that he earns this title or promotion every year and manages 3 time zones globally by showing that he is online 24/7 in MS Team's, meanwhile all the work is done by his Team members .I have started to feel like they have become a Mafia and the management has given them a freehand to run a mediocre place so that everyone in the Lobby gets benefited. By any chance is this place run by Soros or Gates or any of the secret societies like the Bilderberg group pulling the strings behind the scenes or we kind of social experiment to the Masons ? We never spoke about this in the forum here .
There is no future here if you want to have a good career. That ship has sailed and while the current regime is very toxic, the seeds were planted a while ago. It's possible that if you've been here 20 + years and have been in a senior role (figure M and above) for at least half of that, then you probably made some good money and can coast until they force you out. But for everyone else, you're out of luck.
Kids fresh out of college will do well here for 2-3 years but bail when they find something better. You will learn a lot the first two years but many realize this is ultimately a stepping stone. This extends to interns, which we are constantly told they are the cream of the crop, but do they really end up taking positions here after school? Not really - the ones that do also tend to stick around for just a few years.
If you did stay the course like I did and rose through the ranks, you'll eventually get to a point where new hires that do less work than you are paid a lot more. As a hiring manager at a K level, I interviewed candidates for a J position whose salary ask was way above mine and it wasn't that they were being ridiculous - instead I was usually at the lowest end of the salary range for whatever grade I was in. These people (and I'm part of this demographic) get burned out super fast when things go south and it becomes very difficult to escape. I did last year - and I was flabbergasted how much my new place was offering me - for even less work too!
Now we get to the third bucket where one might ask - "Is it something in the air at BNYM that causes this or is there just a bad track record of hiring overpriced duds?" I honestly think it's a little both. This is the group that comes in at an M grade or above, undo the previous knucklehead's damage, start some new bogus project that goes in the opposite direction, and then leave in less than 4 years. This leads me to believe BNYM is just a place where parasites get a big feast for four years and leave before they need to exercise any accountability. They're here to loot this place until someone else catches on and by the time that happens, they're back where they came from or go to some other place to leech off of. And by the time that happens, they've already done so much damage.
It doesn't matter who this group of senior management is - the well has been poisoned and any aspirations to build a long-term career here are a joke in comparison.
This didn’t start with Robin. This started when serial drive by acquisitor Bob Kelly was hired as Mellon C.E.0, fresh from his wrecking of Wachovia, and acquiesced to the BONY takeover that Frank Cahouet had previously fought off. It’s difficult to understand why BONY would buy a bank only to wreck it.
Connect the Dots. Project this and project that over and over and over until bonus time. No leadership, no vision, can't execute so they have town halls and hand out cake. Peakon. We know we're awful, but tell us we're awful and we won't do anything to change it. Pathetic.
Agree and instead of doing what’s best for us , which impacts the customers too , they’re copying what the other banks are doing with seri regard for anyone who has been busting their bu-t to keep things going . None of them has a clue what goes into our day to day processes
Well said.
From where they sit, the leaders think the rank and file underestimate the difficulty of their responsibility to turn the ship around and that, even when they are messing with their employees (comp, benefits, work/life balance), they are doing the best they can with a bad hand, because it’s well established that the industry is revenue-growth challenged and they are forced to deliver EPS growth to shareholders.
There’s more than a bit of truth to that, but they still find ways to unnecessarily be wrong.
Spot on.
My only hope at this point is with the CEO track record of this place , RV won’t be here long.
He’ll do very little to better the company, & leave w/ in a year or two after collecting his massive 15 mil per year bonus.
& then some other clown will come in - it’s been happening since early 2000’s.
Its more important to them to be looked on favorably by their peers at GS, JOM, BoA, or WF, than by thier employees. Don't want to step outside the lines with original management practices you know...
Or at least they think they are in that big league.