Some of these middle-managers are totally insecure and just hire people to delegate downwards trying to insulate themselves from being a lay-off target.
On the tech side these guys have the most to say but are the least productive and effective and usually have a string of failed projects behind them which they can blame on their subordinates.
The point here is how band 4's can get away with having large numbers of failed projects by just pinning the blame on someone lower down - I suppose that's how one gets to be a band 3!
Band 4s in other lobs are not that. Yeah they are middle mgt but not necessarily anything you say and just like any band have some great folks. Let's stick to the subject on this board and help each other with layoff info vs hating each other.
There are also great h3s in my lob.
That is a very perceptive statement, @JfwRcc8. Again on the tech side, the 'senior' leadership continue to introduce a concept of innovation down the throats of the technical and line of business staffs without any inkling of what the impact will cause. Actions drive results - good or bad. As you review the decisions made since 2008, it is apparent most of these senior leaders have no concept of technology and don't have the critical thinking acumen nor technical leadership sklls to lead any company much less a fortune 100 entity.
Unfortunately, with cost cutting the only tool in Bac's playbook and continual american job outsourcing as a cheap method to give the illusion of revenue on the bottom line, it is apparent to anyone - investors especially, that Bac doesn't have a plan to grow revenue nor create value. Bac is continuing to fall back on the same tired model and dull witted leadership -- as evidenced by the lack of imagination or sustained growth of the share price. It is difficult to envision how Bac will ever grow back to the company before 2008 -- before the big money shuffle. For investors, this year may be the last year Bac has an opportunity to keep their interest.