EFCC leader TR has decided to take a role outside the company and their last day will be Sept. 5.
16 replies (most recent on top)
@h9 if it was so bad, why didn't they fire him? Why all the effort to protect someone who, as you say, was hurting the bank?
@zd KH is still here
All true, but he is a really charming, really handsome third party consultant who some people say looks like a famous Hollywood actor. Who can resist?
@135 plenty more questionable ethics issues have occurred under JR’s watch and she’s been apart of them. JR signed an “east coast consultant” as a third party consultant to a 7 figure contract and he didn’t work in the banking sector. Must have been a good happy hour and sales pitch
@zd I wonder if the chief ethic's departure has anything to do with what you have written here regarding JR and what happened under her leadership.
@yx AC & KH are gone, JR has to see she is next based on all the issues across RM&C on her watch.
@th It tells me more about AC, JR and KH. If what you say is true, they are the ones with blood on their hands for allowing this to occur.
Hard to say this is justice, as he still has a job and remains in good standing with the company.
This is a man who actively worked to have an auditor terminated for cause and ultimately succeeded. That auditors offense? Uncovering his material misrepresentations to the board and regulators about the status and progress of his program.
He also had scores of ethics complaints related to his behavior and treatment of others, especially women and people of color.
You’d be hard pressed to find a worse human being at the bank.
@h9 well, you never want to wish anyone bad. But, it sounds like his come comeuppence is upon him.
How do people know he got demoted?
1) Multiple other senior risk roles were open around the time he was scrambling and he wasn’t considered nor did he get any interest.
2) He is an EVP and the rest of his new team is SVPs. Translating to grade level, his is probably 3-4 grade levels above his peers.
3) He doesn’t have the experience to perform even the most menial role in that particular business line.
4) He used to be a one down from a VC, now he’s at least 2 down and probably headed to 3-4 down once that particular business line is done with re-orgs.
5) It was widely known he was in over his head and woefully underperforming in risk, and that he would need to take a step back regardless of where he wanted to go. He came up empty on several external job hunts and the options quickly became limited.
a masterclass of corporate feminism, JR’s old OCC wine-club contacts and deluxe kickback packages are finally delivering—just in time to preserve the career of the Chief Party Girl, whose proudest legacy is paying senior exec bonuses for hiring “diverse” faces before shipping the actual jobs overseas.
@b4 tell me you don’t work at the bank, without telling me you don’t work at the bank haha
Lord please let jr follow tr in exiting
It will be a welcome change, since FI reorged under him it was a nightmare.
DafuQ is EFCC and who DafuQ is TR??? Either spell it out or have a seat and remain quiet you silly child.
Personally I have always thought he was full of himself. I am a little bit shocked by this. Did not expect to read this on here tonight.