That just proves that both the Schartman and the BOD have been lying about putting the firms risk and control environment and addressing the regulatory problems. Sounds like you are saying that they are misleading investors who expect a certain level of growth after a certain amount of time.
After five years, you would think the asset cap would be lifted, and progress would be made on that front. All these quarterly calls about how the CEO and senior leadership are laser focused on our risk and control environment. Was he lying about this? Why would this have been the statement of the beginning of every public call? The bank cannot grow without the asset cap being lifted. Sounds very misleading. There are so many other ways to increase efficiency and productivity versus cutting heads count. I’m not surprised!
WHAT A Schart!
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