It’s clear what Frank wants to do. Make people as miserable as possible in close quarters so people leave voluntarily. The the chairman and CEO, a very intentional consolidation of power.
Franks highlights include, hiring someone to spy on his employees (ditto at Fiserv) at JP Morgan. Best buddies with Donald Trump Jr (should shock no one as he’s stuck in 80s banking culture), talks about foregoing salary when it’s just given to him as a bonus and stocks, saying he’s not taking a bonus but magically just pushing it out a few months, using a mass shooting to justify why we’re in the office, compares his employees to donut makers and burger flippers, mandates a return to office 4 days a week with two weeks notice- so much for anyone who made family plans thinking flexibility would continue or at a minimum the Grand High Poobah would at least consider the end of the school year for people with kids in school.
Why? Easy, Frank is a money guy. He makes sure he’s well paid and all his cronies. Did you know we paid JP Morgan $10 mil because he broke a non compete with Guy? Money we’ll spent… speaking of money, made sweetheart political deals for tax money by getting butts in seats. Did they tell us that’s why? No they lie and frame it under the guise of collaboration. (Mind you I worked from a lunch table all week because there were no seats)
This is 100% intentional. Clear the books, avoid severance, give the illusion the company is in a good place. Service levels are non existent right now as most departments haven’t been able to backfill for 2 years now. The more that go out the door, the better.
He’s a sl------l of the highest order who is OBSESSED with JP’s Jamie Dimon. He’s not Jamie. He’ll never be Jamie.
I thought long and hard about what I’m going to do (or not do) in the Your Voice survey. I think everyone needs to tell them the error of their ways. Even if nothing comes from it, it’ll give Frank something to briefly think about during his 10 min drive to the office.
Don’t believe you need to be grateful for loosing wages year over year with the 3% increases as he gets his 6% without fail every year.