Thread regarding Bank of New York Mellon Corp. layoffs

Why is so much leadership based in Ireland or from Ireland?

Look at ASD - all the main product heads are Irish. Operations has(had) its fair share of people either based in Ireland or came from Ireland. I'm not complaining about this, but it's such a crazy coincidence. What made IRELAND of all places the spot to find many of our leaders? I know servicing UCITS is a big product here, but it's not that big in the grand scheme of things.

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| 26016 views | | 10 replies (last January 31, 2023) | Reply
Post ID: @OP+1kPbk7d3

10 replies (most recent on top)

Every single decision is either based on increasing profit or cutting cost. Don't need to look much further away.

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Post ID: @8ioe+1kPbk7d3

Give Ireland back to the Irish!

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Post ID: @2aul+1kPbk7d3

Highly educated workforce - at one point in the 1980’s, the Irish government was spending 25% of tax revenues on free public education, all the way up to University level. Now, it’s the only native English-speaking member of the European Union, and has the added benefit of being a low-tax location (except for the locals!) Plus, the people are generally nice, although we still seem to manage to find the @-hoIes wherever we plant the BNYM flag, even in Ireland.

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Post ID: @2vqi+1kPbk7d3

@1fih

Apparently you don’t know my Senior Leader and his tastes, so let’s just keep it that way.

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Post ID: @2uuh+1kPbk7d3

Irish wh----y is not 'High end' .

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Post ID: @1fih+1kPbk7d3

the same reason trump opens golf courses there

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Post ID: @1tvo+1kPbk7d3

Because the Irish are smart people, lad.

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Post ID: @1dsl+1kPbk7d3

Low corporate tax rate, well educated population, geographically located to client base, short hop over the pond

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Post ID: @bbv+1kPbk7d3

Our Senior leader enjoys sampling and purchasing high end whiskeys when he travels there and he certainly has excellent taste.

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Post ID: @ssj+1kPbk7d3

Lowest corporate tax rate in the world.

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Post ID: @coq+1kPbk7d3

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