My life is fine right now, so before I hear any useless response that this post is sour grapes, let me stop you now. Yes, I was laid off this year after a long stint at BNY Mellon (aka dump). Now, I see the individual (Charlie boy) to all my supervisors and contacts sold their souls to is leaving. What's the end game now? How are these supervisors and contacts feeling now? Can you live with yourself knowing the damage this man caused? I would love one of you spineless people (aka any Republican member today) to get on this site and honestly speak your mind on how shameful this whole situation is. I won't hold my breath that any of the people I worked with will actually respond. They were the most spineless people one could ever come across. The fake caring about work when Executives were around was laughable (I had to control my laughter, because their fakeness was so obvious). When Executives were gone, coffee breaks, checking on family breaks, long lunch breaks (not hour) and Internet research (a little shopping and ticket buying) was back on track. I really hope all of them are miserable with themselves right now. I know I could not be happier away from such a dysfunctional, negative atmosphere and living a happy life.
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I am sorry but this isn’t the CEO’s fault. The board of directors make a plan and it’s the CEO’s job to execute. The BOD wants head count to be lower. Gerald Hassell was supposed to do this 5-10 years ago. And if anyone thinks that Todd is going to change the plan you are mistaken. Plan is lower head count, cut expenses, streamline as many functions possible.
Charlie who? The kind of people you’re talking about will simply transfer their allegiance to whoever fills the job next without missing a beat. It’s how they survive, and they do it without thinking. I think you know this.
Honestly, from your description it is clear that you and Charlie are ideological soulmates. I am sorry to tell you this as I understand that this will be difficult to process and reconcile. Please take some time for yourself during this period. The people whom you view as enemies would never treat you this way.
This isn't a red/blue issue. It is fixing the much outdated business module corporate America has been using since the 80's.
Step 1- eliminate stock buybacks, either reinvest in the business or pay dividends, stop falsely raising the stock price, so CEO's get bigger bonuses. Doesn't take a genius to buyback stock or cut employees.
Step 2- eliminate tax breaks for moving jobs offshore. Why should we pay for it.
Step 3- Tax hedge funds and private equity managers on all their income when earned, no more reinvesting at zero tax rates. Stop the gorging on the misery of the American worker.
Step 4- reconfigure how states give tax breaks to companies moving jobs from one state to another. Require that business show they made more they a good faith effort to hire from the area giving the tax break, then show more then a good faith effort to hire in America. Eliminate moving overseas personnel to fill vacate jobs for at least 5 years after the tax break ended, same for hiring of any VISA.If
This is a start to rebalance the system away from greedy, often incompetent CEOs and back to American workers/taxpayers.