after having the weekend to let this sink in and just rereading the article, I am beyond disgusted at the actions of our company leaders. Forget about the clients outside of TIAA and think about the employees. They have put thousands of jobs at risk and in a sense stolen money from employees for their own gain by guiding us into these funds. we are not only employees we are clients as well.
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I really miss Roger. :(
The worst kind of devil is one that is your own kind. Stealing from your own people and perpetrating a fraud like you are doing right by us. There is only one person getting their paper right, and she did it off the backs of her employees and clients. You learned well from our oppressors Thasunda, now you serving it up masked as your own brand of culture when really it is just greed. Purchasing awards, stepping on TRUE leaders, and now stealing from your own employees. There really is no low to how you will go to get YOUR paper right. Our greatest mistake was believing in you and what we all thought you truly stood for. But now we know who you really are, because you have exposed your horns and your tail.
Under absolutely NO circumstances should anyone on this thread contact that AOL email address below unless you do so anonymously from a throw-away email account. Think about it. If the EC (or a delegate) wanted to find out who's lurking in these threads, I can't think of a better way to do it than that.
It would be fascinating to make public the compensation for leadership at TIAA… Low, middle and up. I imagine if you look under that hood you’d find the cause of looking the other way for questionable ethics like pressuring clients into fixed annuities and multiple business groups taking credit for single sales. The leaders know they will not be compensated the same at other financial firms so they look the other way until the money eventually runs dry. getting that paper right (or wrong?)
He is his own company. If you represent people who have gotten hundreds of millions in awards and you get 40%, well....do the math.
He has an AOL email address not even his own company’s email?
In addition, the fiduciary for the plan picks the funds and Morningstar determines based on those funds the mix of investments. The why behind them pushing it may not be all warm and fuzzy. But the details on how it works is stretching the truth at best.
You all just accept everything that is written. Did you actually read the article or just the headline?
You claim to work for TIAA. Do you understand anything about how retirement plans and advice work? Do you understand that saying an annuity is comparable to an index fund is gibberish?
Current management is definitely incompetent and solely focused on their pay above all else. That's true. It's not because anyone below the EC is acting unethically.
I completely agree with the fact that it has stolen money from us employees. I am reaching out to the attorney in the article to inquire about becoming a plaintiff in a class action.. His email is esiedle@aol.com if anyone else wants to reach out. I used that damn tool a few times. There should be a class action for that as well as having to list them as my employer on my resume.
I mean I don’t see why people are surprised. How you treat your employees aligns with how you do all of the other things that no one sees. Like how you take care of your clients, how trustworthy you are, how you run your business.
When the company began gaslighting us a few years ago after T came in, we should’ve known other things behind the scenes were getting the same poor treatment.
Preach! T and the EC are selfish and entitled. It ticks me off because TIAA used to be the anti typical American corporation where you put the interest of clients and employees over everything. Now we’re just like the other financial companies where corporate greed and making a buck drives everything. It is sad to see us throw our mission out the door.
This article re-emphasizes the poor culture of TIAA once Roger and the previous HR leader left the company. The lack of values, empathy, and ultimately ethics are no longer here with this current group of TIAA leaders.