I was in a meeting with some senior managers last week. MDs and SVPs mostly.
I was reflecting on just how bad quality managers we have.
How could this happen so quickly in the last 5 years ?
A bunch of yes men/women with no courage or attributes
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Any reductions Wednesday?
Pat Doyle lost two great employees. Guy is a pos.
This place sounds and smells like financial failure is coming.. Execs don’t up and leave, usually they know what’s coming. I am certain more high levels are looking.
@j9 people should be angry on what's going on in Alpha. Approximately 1k Deloitte contractors were silently hired the past few years on a MULTI year contract. State Street roll out the red carpet for the consultants where they work fully remote. Some fly and stay in Boston each quarter. This is all paid for by State Street while they lay off employees and hiring inexperience consultants.
There's no way a member of the board who have close ties to Deloitte was involved in this contract? That will be considered fraud and we know how ethical the board and senior management are at State Street.
Now they are taking them from Morgan Stanley and celebrating like kings. New roles come up and they fill them with more friends and cronies. Big FU to internal people.
This is not a technology company. Anyone thinking about working here should looks elsewhere. Tech software is poor.
Have seen so much gaslighting in these years.
We took the worst people from BONY and celebrated them as kings here.
All the senior managers have now a common trait. They were working together at BONY.
@d0 exactly employees at all levels learn quickly and agree … anyone who says otherwise even with the most asinine changes are suddenly less valuable … raises and bonuses are lower, no chance for promotion
A couple years after starting here one of our stronger employees voiced … correctly… his concerns over changes a VP proposed in a meeting. Was this fully vetted, will it work better or will be simply another SSB change that goes no where? The look the VP gave a death stare. Unknowing to the VP this very intelligent strong employee had just secured a position elsewhere so was giving his notice.
You simply comply and act positive to these crazy assed changes and you do fine.
Sadly this happened over the last 20 years.
The real Senior mgrs who would give their honest opinions were replaced by mindless
drones.
Totally agree. They never push back on ANY bad decisions. About technology, staffing , AI (which is not that effective here yet other than meeting summaries and re write my email better), stupid HR programs (DEI, pride, South Pacific islander month, RTO) and the farce that is Ron O’Hanley. Greed and a-s kissing runs amok at State Street.