BNY Mellon better not dare ask for any bailout money. If the bank starts hurting for money than the executives and senior leadership should sell stock to raise cash. If BNY Mellon needs to die, then let it die! No bailout money! Let BNY Mellons leadership be accountable for their actions over these past few years. There is no such thing as too big to fail now that the global economy is crashed. So just let it fail and start over. Take whatever is left of BNY Mellon and just move it all offshore. All of it.
10 replies (most recent on top)
As far as showing the leveraging ... Warren Buffett had a famous saying."only when the tide goes out do you discover who has been swimming naked"?
Who will be hiring now? There will be massive financial company layoffs. This is financial crisis all over again. This will show which companies are over-leveraged. Banks will need bailouts again.
Perhaps it’s time to hire back some of the talent that was tossed out. Lots of smart, productive people shoved out the door. On second thought, they’re too smart to one back.
Disagree. What is 'good' for the bank is bad for the rest of us. I care about pulling together my family but not this place. Surely layoffs will resume after things settle down a little. Pull together? Don't make me laugh. All the top guys are worried about is their bonus and stock price.
We are all in this together people. What is good for the bank right now is good for all of us. There is a time to bicker and a time to come together. Cooperate, work together, and let’s all be adults for heavens sake.
The problem of course is the people who make decisions about who to fire are the useless stuffed suits. They keep firing talent and wondering why their "vision" never gets implemented, whiling away the time long enough to jump ship to the next bank where they'll continue taking up much needed space.
- or airlines for that matter
Please lay off executives who are earning too much these people don’t do any work but walk in their suits all day on the floors - if these people are thrown out instead of the actual people who do the work the company will progress from here on...
Typical millennial sense of entitlement in that last response
ok boomer.