Eagerly waiting for the 3rd Quarter results This reminds me of Thanos wiping out half of BONY. The damage might have already done .So who is winning and who is actually losing when most SME's have already left . We cannot go back in time and change everything but take charge of what is left .Drive the company towards profits before the ship hits the iceberg .
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If I am Todd, I would totally kitchen sink Q3 and disavow the guidance Scharf set for the Street. Everyone internally knows our margins/returns are too high vs the growth targets Scharf demanded. He's been cutting his way to make quarterly EPS numbers for more than a year. As an ex-CFO, Todd should know you can only do that for so long before it blows up in your face. It's going to happen sooner or later anyway, so may as well take your medicine now and lay the blame with Scharf.
Has anyone ever made that comparison to Thanos before? That's hilarious.