In the 1st week of October 2017. Michael Cleary sent a measage to SUSA employees that that the company recently laid off a number of job families and the company is still looking to do more consolidation and restructuring.
Chief Credit officer Michael Marcucci, has said repeatedly no job is safe and that he was Compensated well by his former employer GE during the layoffs there and it seems he is at Santander for the same reason. He has said on multiple occasions he wants half of the OCC regulator reserve when it is lifted. He brazen says he took the job at Santander to "clean up" the mess and to be recognized for it and compensated accordingly.
So yes the executives at SUSA are greedy also and will cut to improve their bottom line and their pockets.