Title says it all
18 replies (most recent on top)
HAAAAA TBD says it all its perfect really…TBD when she will be a CEO. TBD when we will hear from TBD when she will leave this organization
Remember folks, TBD didn’t name herself the CEO of TIAA. The board offered her a job paying $18 million per year. Who would say “No” to that? It is the board who needs to answer questions about why they chose TBD as the best person to lead TIAA during its most difficult time in its 100 plus year history. Participants need to wake up. The BOARD is not doing its job.
If any of you actually worked here when Roger was here, then you'd know this site was full of criticism of him and his HR heads. It's funny to hear how he's now a saint and everyone was happy and there weren't layoffs during his decade reign.
Point is, the whiners on this board will say they're feelings are hurt no matter who the CEO is.
If it's so bad here, quit. If you're so underpaid, quit. You won't because you know you're overpaid for what you do. Still, you all won't stop whining about how little you make or how overworked you are.
T is the one responding to this thread below. You can feel the jealousy and envy as there is so much animosity anytime someone mentions Roger. It is just like the jealous emperors and kings that you read about in the history books.
@1 fbp+1tVDFNxC Interesting, you sound just as arrogant as the actual EC. In my time, I've seen "leadership" change course on a whim, without any actual understanding of real data, this industry or company, but only to be on the right side of the popular kids or the shiny new penny. Yes, it's JUST like high school with a paycheck! Please give most employees credit for knowing that Roger was not perfect by any stretch, but he never made it a point to make anyone in this company feel disposable or inferior. He would also put any spotlight on the company, never himself as an individual, because he was modest and did not seek attention like a "celebrity." And for the love of God, we all know T wouldn't have resigned last week because she's still on her precious, well-earned vacation. Most of the company is still wondering what she does when "working", beyond collecting awards we paid for her to win.
100% fake news. You all realize most of the posters here know nothing about running a business, let alone how to run a business like TIAA, right?
If you believe the stuff posted here, T was apparently resigning last week, the Denver office was going to close immediately and no severance offered, and everyone is simultaneously underpaid but also not willing to leave.
You have to wade through 20 posts of high school-level whining to find a statement that has a kernel of truth to it.
This one about the Retirement Plan has none.
Roger Ferguson reduced the plan benefits 10 years ago. And he is spoken of here as he was the employee champion. You are all being bamboozled by the posts on this board.
Ps- the EC does read this site, but only to remind them of how many people still work at TIAA who are clueless, like to post on this "anonymous" board, and still need to be laid off.
“It’s a We Thing”.
T gets her money right and sinks a 100+ year old company into the gutter by robbing the people.
I can see this happening. That is why I am a firm believer that you must put your best interest ahead of TIAA.
We all have our blinders on since we adore TIAA. We have to realize that TIAA is in the operating room on life support. We've lost billions (yes, billions) over the past 3 years and the situation is only getting worse. The latest lawsuits will ki-l our growth plans so you have no choice but to trim major expenses.
The transparency and communication from our leadership team has su-ked but once you remove the noise you can clearly see what's happening.
We're in survival mode. As cruel as it sounds, all options are on the table to try to survive.
#Retirement Bill of Rights
Unfortunately, this sounds all too plausible. Nothing T has done to date indicates she is concerned about employee retention. She wants to cut costs now.
My guess is they either reduce the contributions to retirement accounts, or they stop them altogether and shift to an ordinary match model.
What’s surprising is that they would want to cut contributions to the RA when it boosts the general account metrics.
LOL so we’re all about helping our clients save for retirement but not so much our employees? I call BS on this.
This post will be deleted. T and the EC are reading these posts. stay safe. be anonymous.
I’m calling BS on this.
The retirement plan and contributions is a big big reason many people stay.
Buy the rumor, sell the fact.
If they cut it for employees, they are also cutting their AUM (maybe marginally?) but this is a huge differentiator vs other employers.
OP, we need more details because the title is not saying it all
How so? Like the % is cut or just getting rid of it for new employees, current employees?
If that’s true, that’d be a real drawback in the biggest benefit we offer employees imho