Thread regarding Ally Financial Inc. layoffs

Will hiring a new CFO change things?

March 24 (Reuters) - Ally Financial Inc (ALLY.N) has hired Russell Hutchinson from Goldman Sachs (GS.N) as its chief financial officer effective July 3, the company said on Friday.

Hutchinson has spent two decades working in Goldman Sachs's investment banking division, advising clients in the specialty finance sector – including Ally.
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https://www.reuters.com/business/finance/ally-financial-taps-goldman-sachs-executive-hutchinson-cfo-2023-03-24/

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| 1262 views | | 1 reply (October 5, 2023) | Reply
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No, the C-suite is an echo chamber and the new CFO was hired due to a prior relationship with the CEO. Nothing will change.

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