Thread regarding Bank of New York Mellon Corp. layoffs

The Logic of Charlie's Excuses

  • I am the best man for this job. I can fix this.

  • Part of this mess is due to substandard employees.

  • I will get rid of them.

  • But I can't control everything, and overall market conditions are the main 'head wind'.

  • Our bad performance (measured by multiple quarters of 'BE' financial results), is not my fault.

  • (It could have been much worse had I not taken the steps I did.)

  • Be patient as we wait for 'better weather', and I scare employees into 'rowing harder'.

  • It will all make sense when we are smaller, less relevant, and I have lined my pockets.

  • Then you can dismiss me under the terms of my posh contract (remember, you paid for the best).

  • So long -- s---ers!

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Post ID: @OP+YCqqijH

7 replies (most recent on top)

Very soon he's gonna run out of excuses... What happens than ?

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Post ID: @2eyt+YCqqijH

Sounds nothing like 45. The two are absolute polar opposites in every respect. You might want to address the TDS or at least double or half the meds

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Post ID: @2oes+YCqqijH

Haha nice one , you really have described the situation in the best way !

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Post ID: @1wvj+YCqqijH

guv - reminds me of middle school days when I would wake up realizing I'd not written that book report and wrote a long run on sentence with as many big words as I could to try sounding smart....

Yep, Charlie reminds me of a middle school kid.

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Post ID: @djk+YCqqijH

his quote ... Katzke flagged Scharf’s press release remarks: “While the current expectations for the yield curve will likely negatively impact our revenue growth for the next several quarters,” he said, “we will remain disciplined on expenses and continue to build out capabilities, which should eventually enable stronger growth.”

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Post ID: @guv+YCqqijH

Sounds like 45. If we like one, we should like the other. Or are we just too close to this one?

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Post ID: @joc+YCqqijH

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