He gave his team less than 24 hrs before resigning.... he gave assurances that he wouldn’t be leaving this year....
Twitchy-finger Todd seems to have been caught off guard. In the article he says he will continue Chainsaws plan.
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Huge pay increase, gets to stay on the east coast and has a 5 year contract. At the end of 5 years he takes over for a retiring Jamie Dimon. That’s been his motive all along. WFC is more like JPM than BK is. He made a fool of everyone.
He ran before he was pushed. The writing was on the wall for him. Watch the next quarters’ results. They’ll be poor. Again. The clock was about to run out on Gibbons is no more than a characterless seat warmer. I hope he is only the interim CEO.
I think the CEO for the interim period will continue the course so expect layoffs Dec 2.
@11gjKVQC Either you misunderstand the article or you don’t Understand the concept of a two week notice.
It’s time to do away with 2 weeks notice.
A CEO’s job is to set the culture for the company. If he doesn’t give two-weeks notice when he’s going to leave, then it’s entirely okay any BNY Mellon company to do the same.
So much for the validity of those notice period agreements!
Fraud
What else could he say? It's not like he could come up with a new plan in 24hrs!