Can cut expenses enough to offset declining revenues so he buys back $4 billion in shares to articulacy juice EPS thereby hitting targets getting paid millions in the process.
And everyone else pays with layoffs. Way to go Mikey.
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There's no magic formula that you can affect to "ascend to those roles". If you aren't on that trajectory, you most likely never will be, regardless of personality, hard work and hustle, let alone genius. Outliers is a fun book.
That’s kind of pathetic decision making when you consider the “visions and values” Citibank shoves down everyone’s throats. But sure, place me in that seat and I suppose I’d be just as unethical. Perhaps that’s why people like us don’t ascend to those roles. Then again, being unethical and banking seem to coincide these days.
If you were given a formula to play to determine your comp, you wouldn't do the same? That's the funny thing: make execs hold more stock so that their interests align with the company and then the shareholder trumps employee and customer interests; require executive compensation to be objective and formulaic so as not to be excessive, and suddenly they're playing to the formula. It's not creative, innovative or surprising, but it's exactly what was ordered.
*can’t cut expenses enough....
*artificially juice EPS...