Sad that we have gone away from employee first, shareholders second priority. Welcome to the new normal of doing business.
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That's correct but employees are the backbone of the organization! This organization has no backbone so that's obviously not important and it's too big to fail so just coast along, cutting back to simulate profits and fake shareholder value. That's the Democrat and Communist way - exploit and plunder what you have today as it may not be available tomorrow!
Not the new normal.
The reason ANY entity is in business....is to maximize VALUE for its shareholders.
Actually, the original post summation is a bit incorrect. CEO/Chairman of the BM is priority 1. BAC Bored of being Directors Priority 2. Band 2: Priority 3. Shareholders : Priority 4. Employees...how low can you go in the priority rankings? Where are the contractors? Find that level and put offshore associates minus 1. Find that and put US associates -5 just in case they need to fund some litigation out of left field, lay off another 10K US associates to fund it.
Hillary, With all due respect, like your name sake, have you been living under a rock in a perpetual state of denial of reality. It hasn't been employee focused in at least 10 years.
At least someone wants to buy the stock!