Thread regarding Bank of New York Mellon Corp. layoffs

@jrfq, that's the dummest thang I ever herd. Lemme d-mb it down for yoos that got yer ivy league edumacation.
Revenue is money coming in
An expenses is money going out (which came in from revenue)
Earnings is what's left over.

@ivfw

Ummm… no.

Severance isn’t paid out of Bank Revenues. It’s paid out as expenses as a hit against earnings on the income statement.

Apparently we are now back to hiring University of Phoenix Graduates?

Umm corporate jets don’t get severance.

Apparently we aren’t hiring people with business degrees.

@icbl, um, severance is paid from company revenue as are jets. So you'd be wrong.

You’re absolutely correct. Severance has absolutely nothing to do with corporate jets.

It was like “1984” with all the tvs playing RV over on a loop

What's up with 240 anniversary celebrations. Seems like a tailor made excuse for RV to self promote and to rehabilitate his own image on company's dime. All these brand new EC people celebrating BK's history - what a joke.

Wow, so this is why R.V. fits in so well with the corrupt NYC leadership!

Don't forget the Mellon Client Service Center is getting their own Starbucks in the lobby.

Exactly, @3qzf. It's aboot time someone mentioned that.

@1jln+1sydW47z

Right, because Bob Kelly was a pillar of virtue….. give me a break

We are getting a restaurant on top of a cafeteria? Amazed.

Looks like AML case , should be deported back to London from where he came from to clear all the charges. Perhaps he is hiding in US , at the least he should clear all the online AML trainings that bony assigns as mandatory to Employees.

Apparently RV fits in perfectly with the Bank of New York leadership.

Andrew Mellon is surely turning over in his grave. Regulators need to break up this bank ASAP..

Ask yourselves if you can still distinguish between dreams and reality.

@OP has a vivid imagination. Hopefully he won’t come in and go postal…

@shw, probably from getting a donkey punch.

What a delicious little nugget dropped here today!

Now the benefit cuts make sense. Why would the board hire someone so shady?

@lbz interesting that the fraudulent division CIO who fired the 20+ year veteran employee with no severance in yesterday’s thread was also originally from the Singapore office.

I think that this bizarre thread officially “Jumps the Shark”.

Can these people here really be our coworkers walking among us?

@taa+1sydW47z how do you think he got that Scar on his face !

@taa+1sydW47z how do you think he got thar Scar on his face !

Wow - had no idea about Vince being charged in connection with the Malaysian disaster. Once a crook, always a crook, I guess.

Keep in mind, these are the Goldman people that failed miserably at Goldman. RV himself was heading the group that the 1MDB scandal and looting occurred. He was CRIMINALLY charged until Goldman agreed to a settlement, after which authorities dropped those charges.

https://www.theguardian.com/world/2019/aug/09/1mdb-malaysia-files-charges-against-17-current-and-ex-goldman-sachs-bosses

"Criminal charges have also been filed against Gnodde’s former co-CEO Michael Sherwood, as well as three former board members of the London-headquartered subsidiary: Brian Griffiths, Robin Vince and Claes Dahlback. Twelve current and former bosses of Goldman’s Hong Kong and Singapore offices were also charged."