If BNY really believed its own cost‑cutting gospel, the Executive Committee would be the next “efficiency lever.” Consider that a U.S. senior executive package easily runs $3–6M+ when you add salary, bonus, equity, benefits, and perks. An equivalent leadership role in Pune or Wroclaw costs a fraction — often 70–85% cheaper when you factor in compensation norms and lower fully‑loaded costs. If BNY is happy offshoring engineers, ops, QA, onboarding, and client service, why stop at the people making the decisions???
Would Wall Street cheer? Absolutely. Cutting a few million in executive comp barely moves expenses, but it sends a loud message: “We’re serious about margins.” And BNY’s stock already jumps when they squeeze labor — imagine the reaction if they squeezed their own.
Will it happen? Almost zero chance. Afterall, offshoring is for everyone else and of course not for those who go on African Safari trips. :0 The cost savings are real, but the appetite for self‑accountability at the top is nonexistent.