The bank will miss the leadership of Richard Davis. With our new CEO whose a fiance guy who cares more about numbers than the people will make millions in compensation this year focused on improving earnings per share. Unfortunately, he's a wolve & the 60K employees (grade 17 & below) are the expendable sheep. He will lay off 1,000s. This week is just the tip of the iceberg, wait until the next recession. 10,000+ nation wide will be standing in the unemployment line. Find a better home for yourself at a better bank.
1 reply
The CEO and other execs are paid to boost the stock price - not your lot in life. Of course they are highly compensated. They are doing exactly what the shareholders want and, unfortunately, layoffs boost stocks. I’m not a finance person but even I know that. Payroll dilutes earnings.