#expensereduction

The Stock Market exploding. high quality/Growth/ visionary CEOs driving success.

Verizon BOD hires more Europeans to run a USA centric business. At some point failed leadership, expense reduction strategies will require change.

One thing for certain... current Vz Executives all waiting to get a buyout offer under guise of " seeking new opportunities " mantra.

Capital Management is performing poorly YTD. Lagging peers. Near bottom Percentile ranks. Awful. Plain Awful. Morningstar downgraded the People & Process pillar. Not a good look. But, did staff in Capital Managment still get big promotions & quarterly bonuses w/this poor results ? Time to offload this entire division to save $ b/c they aint making any. Farm this stuff out to save $10M per.

Morningstar through 5/8
Fund Name | YTD Percentile Rank | Adj. Expense Ratio

1.  MoA Clear Passage 2020 Fund — 100th percentile — 0.490%
2.  MoA Intermediate Bond Fund — 98th percentile — 0.470%
3.  MoA Retirement Income Fund — 96th percentile — 0.530%
4.  MoA Clear Passage 2055 Fund — 87th percentile — 0.380%
5.  MoA Clear Passage 2060 Fund — 87th percentile — 0.400%
6.  MoA Clear Passage 2050 Fund — 86th percentile — 0.370%
7.  MoA Clear Passage 2045 Fund — 85th percentile — 0.360%
8.  MoA Clear Passage 2065 Fund — 84th percentile — 0.490%
9.  MoA Clear Passage 2040 Fund — 83rd percentile — 0.370%
10. MoA Core Bond Fund — 82nd percentile — 0.450%
11. MoA Clear Passage 2030 Fund — 81st percentile — 0.430%
12. MoA Clear Passage 2035 Fund — 80th percentile — 0.400%
13. MoA Clear Passage 2070 Fund — 80th percentile — 0.410%
14. MoA Clear Passage 2025 Fund — 79th percentile — 0.440%
15. MoA Mid Cap Value Fund — 72nd percentile — 0.700%
16. MoA International Fund — 68th percentile — 0.480%
17. MoA Small Cap Value Fund — 67th percentile — 0.850%
18. MoA Conservative Allocation Fund — 66th percentile — 0.500%
19. MoA Catholic Values Index Fund — 54th percentile — 0.250%
20. MoA Mid Cap Growth Fund — 54th percentile — 0.630%
21. MoA Balanced Fund — 50th percentile — 0.570%
22. MoA Moderate Allocation Fund — 49th percentile — 0.380%
23. MoA Small Cap Equity Index Fund — 38th percentile — 0.250%
24. MoA Aggressive Allocation Fund — 36th percentile — 0.390%
25. MoA Mid Cap Equity Index Fund — 32nd percentile — 0.170%
26. MoA Small Cap Growth Fund — 26th percentile — 0.850%
27. MoA All America Fund — 20th percentile — 0.550%

Every time I see this I feel like it's a thinly veiled threat that my job is an expense to be managed.

I'm assuming gunjan was having trouble with english and doesn't know the difference between expense and employee, hence why they started using "colleagues" instead to prevent slip-ups when she talks.

Looks like Mother Mutual is not only downsizing its company vehicle fleet, but also its executive jets.

No more Challenger 600's.

Now its down to four Gulfstream GVII (no, that's not GV eleven, Ms Ilhan Omar).

https://www.planespotters.net/airline/State-Farm

Hi. Any PNC corporate travelers out there? What are the real meal expense limits? Is it truly $20 for breakfast, $0 for lunch, and $40 for dinner? Also, are the meal time windows strictly observed?
Thanks.

Memory shortages are going to whack margins and the only lever that can be pulled to maintain stock price is expense reduction aka layoffs.

This company has no ability to sell software without hardware and no ability to hedge across non storage products.

Before someone says what about cloud ..... Azure and the others, will also be hit with the shortages.

NetApp is like a small mom and pop hardware store which is being destroyed by Home Depot.

Leave now before the out of business sign is on the door.

When we book travel through DXC’s preferred system, we’re treated to a delightful spectrum of hotel options — everything from “character‑building budget charm” to “I could accidentally spend £1,500 this week and still not find the minibar.”
But the moment you try to claim sustenance expenses, the system suddenly becomes the strictest accountant in the Western Hemisphere. The £50 daily allowance is perfectly reasonable (unless you’re in a capital city, where £50 buys you a coffee and the right to smell someone else’s lunch). Yet submit a meal that’s even 1p over and the system reacts like you’ve attempted financial treason: flashing warnings, red alerts, and a polite suggestion to pay for your own dinner like a naughty schoolchild.
Personally, I rarely hit the daily limit — unless the hotel decides breakfast is an optional luxury, but that’s a separate therapy session. Still, if you’re away for seven nights, that’s £350 total. It would be far more sensible if we could use that flexibly. Some nights you might grab a McDonald’s for under a tenner, and on others you might want to try a decent independent restaurant, or just eat in the hotel without feeling like you’re committing an administrative crime.
Anyway… I realise these are very much first‑world problems. But still — mildly entertaining ones.

I wonder how much money we are spending to move?

Northern needs to take a hard look as to why they keep so many employees in chicago… major expense reduction can be realized by moving those administrative jobs to lower cost locations

What does it mean after having a great year? Layoffs! Greater efficiencies, more collaborative efforts, great culture - Layoffs. Putting in the extra effort - Layoffs. Continuing to fund women’s sports, Layoffs. Supporting the crime infested low income areas of Charolette - layoffs. Out of control expense accounts by senior leaders - layoffs. Listenening to the same enthusiastic speeches by the leaders, priceless. Employees see through the fake caring. MR could care less about relationships be it between peers or our dealer customers. It’s all a facade.

Particularly in our operations, I think we can be better at it from overhead and back office, , Kent Masters in earnings call today.

What does this mean?

Any truth in this? I've heard multiple rumors that PNC is buying us. We are cutting expenses big time for a couple years now at anything middle market or under level. Something is in works but I am unsure if these rumors have any validity to them. Weird times we live in.

Enjoy Columbus Day! The next day is going to be awful. Charlie’s not happy with our progress on expense reduction.

I wonder if this is a brainstorming session to figure out how to meet the expense targets for 2025 & 2026.