Thread regarding Bank of New York Mellon Corp. layoffs

Part of the PAC Charlie was so kind to recommend that we donate $1000 to is against limiting executive comp.

I thought Charlie's salary was 17.5 million per year ?

Sorry $26 million

Charlie and Bridget alone s--- up 6 million a year. How man employees could they keep if they cut C level staff pay %25?

Japan's debt situation is even worse than America's. They crashed hard in the 90s and lost their leadership position, never to regain it. Western European manufacturing has been a joke for a century, but Eastern Europe is rapidly in the rise, as BNYM knows well. Motorola invented the mobile phone. It's Chinese owned. Intel invented the semiconductor. It just recently lost its process lead to the Taiwanese. The heart of high tech manufacturing is Shenzhen. The brains are increasingly in Pune, Seoul, and Bangalore. The USA is precisely the lazy entitled fat Chinese princes, counting the gold accumulated by their ancestors, while the generals are the children of foreign lands, honing their warrior skills from childhood, with the Mongol hordes having already breached the Great Wall and begun their invasion.

I can't let qve's comment go unchecked ... what are you talking about? Can you identify another country that in the long term increased its shared of market value? Again, long term. Europe and even Japan, long the envy of the world, has it even worse, so it's nothing uniquely American. Blame globalization if you will for better or worse. Saying 55% vs. 18% today sounds like DJT stupidity ... those numbers are in the wake of WWII when most of the rest of the industrial world in Europe and Japan were in shambles, and the rest of the world were agricultural third world countries.

All I can tell you is when I started in this industry back in the late 70s, early 80s, it was quite common to see employees spend their entire career at one financial institution, whether banks, brokerages, or insurance companies. BNY was typical of that. They were profitable relatively speaking, and there was some semblance of loyalty.

Let’s keep this message board to bk-specific issues and less virtue signaling.

All a share is a a percent ownership of a company. Of course a company's managers should increase it's value. That's a no brainer. The USA went from a 55% share of the world economy in the 50s to 18% today. While the rest of the world was focused on increasing their share of market value, the US focused on other things, which is why the US no longer has a manufacturing base, rapidly piling debt, and a rapidly declining middle class