Just curious - What has been Todd's impact at BNY Mellon to this point? Is there a sense of direction regarding where he is taking the company? Are others within the organization embracing his leadership? Would you say that BNY Mellon has a more optimistic or less optimistic future with Todd as CEO? Is Todd still considered an interim CEO or has that changed? Is BNY Mellon still looking to invest in a permanent CEO, or is Todd the permanent CEO? How will the compensation package for the new CEO compare to that of Charlie Scharf? Are other leaders at BNY Mellon content with staying with the organization, or do they want to follow Charlie over to Wells Fargo and to the seemingly greener pastures? Does any of this matter when it comes to potential layoffs and to the morale of the rest of the organization??
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Seems like Todd is just keeping the seat warm until the Board of Directors finds someone else to finish destroying the company altogether.
He doesnt hit the long ball as far anymore, but his short game is sick. Far and away the best golfer at MD level and above.
Todd Gibbons is Charlie Scharf 2.0.
He said the following: "Charlie was a shot of caffeine that we needed."
That statement he made is all you need to know.
He's still interim, right? I wouldn't expect any major change of direction until there's a full-time CEO hired.
Why do people keep asking this? Todd was clear on his role, his planned intentions to continue our direction and his actions reflect that. If something dramatic happened in the economy or an expected business opportunity emerged, etc it would be worth asking but until then he is a steady hand at the wheel as planned and demonstrated.
zzzzzzzzzz ... oh sorry, he had put me to sleep.
Ask the shareholders. Todd not a notion
Todd is basically clipping another coupon. If you expect change from him you’ll be disappointed. He’s been with bank for decades so why would expect anything different? He was kept around as a steady hand when Charlie came in and as insurance in case he left. This is exactly where the bank is now.
Charlie saw the writing on the wall and left before he was shown the door.
Charles was here to make a difference and save this sinking ship, however, seeing these cunning middle management showing no sign of change and instead these thugs are forming alliance and start. opposing the change. Charles saw no future with these dumb dumb and left without notice. Smart people predict things faster and do not scare of change. Taking risk wins...
People were initially excited about Todd being CEO, but the company remains unfocused on a strategy that works and has not recovered financially from Charlie's tenure. No one thinks Wells Fargo is a better place to work, though. It has the worst reputation of any bank and its largest shareholders are selling their stock. We haven't seen a lot of executive managers leave. We are seeing poor financial performance and impending layoffs though.
So far it's the same tune, different verse. Morale is down. The talented people are barely functioning while being burdened with extra work from team members who are being laid off. The people who thrive are the toxic loudmouths who self aggrandize while throwing as many people under the bus as possible. Executive management is still distant and ineffectual, showing up from time to time to threaten people's jobs to keep them working. If any BNY Mellon CEO has ever had "vision", it's near sighted and astigmatic.
Meet the new boss, same as the old boss.
He’s the safest bet for a CEO, meaning he won’t shake anything up or try something new, but just continue the path that was created before him.
I distinctly remember from his town hall last year around this time how he mentioned some major changes were happening and that we as an organization were mediocre for the longest time. Gee golly, I wonder why that is? Is it the low paid employees, the fact that they keep dummies on indefinitely while getting rid of the high performers (or having them join somewhere else), or the wishy washy senior management that stay on for 3 to 4 years and accomplish nothing and then jump ship? He’s the type of character that will brush these issues under the rug because he has no incentive not to. Same to his lieutenants. Like locusts they will squeeze out every penny of profit until they find another host.
We are not allowed to talk to the media. Stop asking.