With all major digital leaders gone is the plan to do more with Digital now just a pipe dream?
6 replies (most recent on top)
@wc+1jwczag30 - you are spot on. This Digital thing is a lot of hoopla about nothing. Two of the bigger duds are/ were Digital and Growth ventures. Their main bosses have been fired but that’s not enough. They should just pull the plug quickly.
To the poster defending about it being in ice: I’ve moved on from the firm but remember the constant “once approved the floodgates would open, we’d be busy outta our minds”. How many clients in the last qtr? How much revenue? If they don’t hit a couple of million in another qtr, heads should roll.
with the interim dodo probably stepping back to lead or the 'up in the air egg head dodo' neither of whom are intimately familiar with the product, process or people my take is yes comatose until they get someone from the outside with actual street cred
@e8+1jwczag30 - don’t be an apologist for a harebrained scheme that overnight supposedly grows from $10M to $10B. The uptake on the $10M (prior limit) was less than a couple of millions by one or two clients. Don’t you get it that the markets do not want good old Bony to touch this latest fad even with a barge pole?
That whole team is the blind leading the blind. All these org changes within the team have only added to more confusion with zero vision or strategy on how to evolve and grow the business.
You guys do understand the business was on hold for a few years due to regulatory direction? It only got the approval to move forward in the past quarter. It was on ice for quite some time. It's not dead by any means and all the posts here blasting it for not getting off the ground are misguided - it was on hold not due to anything BNY could control.
If in two years they haven't signed any major clients, then you can make these statements. It basically launched in earnest a month ago.