We spend so much time starting things that never actually get completed. By the time we're getting somewhere, management has usually decided we're doing something else.
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It's funny how they focus on complicated leading edge issues then fail at basic management.
I've been gone more than a few years but remember every single day the things I PLANNED on doing were interrupted before I finished my morning cup of coffee and shelved by lunchtime.
What a beautiful pipe dream ：）https://www.youtube.com/watch?v=73a9hhGUY2Y
@k7 Where are all the P-O-M leaders now? They have all left the firm to explore new opportunities. The McKinsey model adopted and modified by BNY is a complete flop. The only benefit is cost reductions. As client revenue and contract renewals drop, Dermie will be forced to leave and resume his swimming hobby with great vigor. Meanwhile, BNY staff are in the cesspool drowning. Sadly, you can't argue with that! We saw it coming from the jump.
Post ID: @k7+1m2ffh99x
I think it will coincide with the AI bubble bursting so that they can use that as justification to change direction. They will never admit that P-M was a total failure.
My best guess on timing is last quarter 2027 or first quarter 2028 based on what we’re seeing with data centers and pushing the costs onto average Americans along with the hard sell now for government oversight and regulation so these companies can get a bailout when the burst happens.
Whats the bets on when they get rid of P-M? Mid 2027??
I noticed something over the years: EVERY time someone leaves our department, coincidental (?) sabotage happens- crucial follow-up is not done despite them knowing better; vital checks are not done; silence is enacted when accounts need follow-up. It definitely feels like the employees who leave give a little “payback” to the way they were treated. Same thing happened when an entire department in another location was let go and we received all their work- although they had 6 months before they were to be canned, they did not tell us crucial info on certain accounts; vital info was not shared with custodians; and all from people that most definitely knew better. Again- has to be payback.
So true.. When I worked at bny, I would only start doing something after my boss and her's bosse's boss repeated same several times. If you just start doing run run run, dig dig dig from bosses there right away, you will find out that practically every time something was pushed from upper tier down either changes or gets canned entirely in a week or two. You just need to keep calm and relax, and understand that your bosses are mostly weak people who do as they told, don't question much and set things up to keep their az covered. I had a tiny team that worked like a clockwork covering a ton of clients, until my boss who never cared to know things deep because everything just ran itself, got some optimization and centralization directive from above; and that's when things started falling apart.
BNY is where good people come and leave after they see what’s under the hood.
Omg. I’ve also just started embracing this culture.
I used to speak up and push to make sure projects got completed on time for customers, often having to follow up with people dozens of times reminding them to handle their business. Something that is a 10 minute task would take them not days, not weeks but a month or more to get around to it. I’d find myself doing their tasks just to save the project.
Now I just document the outstanding task once a week and let it percolate. Customers have definitely started taking notice.
Agree with others, this mentality was brought here by GS. They spend all day in 1:1 networking meetings to jockey for promotion and don’t respond to teams or emails that are work related.
@bj Changes in leadership direction come from Robin's GS implants or straight out of the McKinsey playbook. That's basically it in a nutshell.
Thats sr. Mgmts bs though. Everyone of them have no clue what we do or how we do it but want to keep making changes that make no sense to the processes
Agree, the years I embraced the confusion and inability surrounding me were by far the easiest. I'll save my intelligence and hard work for myself. BNY can use ai.
I like it. I've found it much easier to slack, shirk, and skate when surrounded by chaos and instability. I'm in no hurry to see this change.