The firm used to be solid. But it has taken a major turn for the worst. Senior management has no direction or real goals. Robin Vince is purposely destroying the very fabric and culture of what use to be a great place to work. Expect layoffs to be more common throughout the year — hopefully our clients and regulators are watching.
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Stock price has been dropping since Bob Kelly had it up to $63 and our options were in the black with $63 and the change in control clause.
That was a really nice windfall.
Ennforcing RTO rules is not the solution — our exposure to commercial real estate CRE and more is huge and all the more reason why RV should leave.
RTO requirements/ calculations continue to remain vague on purpose. One instance is all HR needs to get the job done. Warning letter puts you in focus — bank wants it this way, hoping people trip up to save on severance expenses / SUB.
Honestly it’s pretty darn hard to get laid off here. If you meet RTO requirements you’re not in any danger.
Stock price is artificially inflated. Layoffs and more clearly helping to drive up — let’s see how long it holds when there’s nothing left to cut. Only a matter of time before we lose business across the board. RV — do us all a favor and leave.
Well the stock ain't doing too bad so they must be doing something right.