USB has significantly more cuts planned all with an eye towards a massive payday for AC and the executives through a buyout. AC has personal gambling issues and is desperate for the payday and ego stroke. He has sold USB out in search of the highest bidder and doesn’t care at all about the employees, only his golden parachute. Why else do you think the all employee survey magically vanished. AC has ruined USB and has callously disregarded the employees that Richard Davis cared for. USB is nothing more than a poor mans Wells Fargo, skirting the ethical boundaries and pushing new aggressive sales tactics brought by Tim and his McKinsey team. All of it in search of a quick buck while USB sells its soul and kicks employees to the curb. I wonder if Richard regrets letting AC get his hands on the company.
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Traditional banking is finished, offshoring will not change anything, you'll never see a $60 US Bank stock (2019 high) again. Goldman Sacks can have them. AC's stock options will be worthless.
Quit your job at usbank now. If you are in TOS (IT), they are going to massively outsource delivery management, digital project management and the entire CRM fulfillment. So it will end up being a bunch of well dressed id–ts in corporate and a bunch of offshore contractors chasing their tail trying to understand the rotten vision and the incomprehensive waste of resources.
What?! You mean the periodic "3 things from Andy" emails aren't showing Andy's concern!☺️ (Total sarcasm) He cares about no one but himself.
Goldman Sachs is cooking an offer once there is word about the bank falling apart. AC shouldn’t have been picked to steer the ship. This company can’t have a CEO that hides and avoids its employees.