I'll say it plainly. This is a blind company without any real direction. If you think I'm wrong, go ahead and prove it.
11 replies (most recent on top)
@1qq effective communication is a gigantic pillar of a productive workplace
@1he they didn’t build a building. They leased it. Read the balance sheet.
As for the “barely speak English “ bit - how is that relevant if they’re getting the job done? If they are w, say so without the xenophobic nonsense
@1he I second this minus the subtle anti-foreigner sentiment. It’s been commented by others as well on the standards slipping. It felt like TRP hired the best of the best before. Now…. The calibre of people hired and promoted baffles me.
@1f1 You'd have to have worked there before the outflows to understand this. This was a hard place to get a job in as they strived to find people who were smart, critical thinkers, who could work under pressure and under their own initiative. They tout collaboration yet now hire cheap workers who do not even know the job going in who can barely speak English and who do not even sit in Baltimore. What a joke. As for Baltimore City, back when leadership was writing to the Mayor about Squeegie Kids I thought the smartest thing to do would be to move out of the City. Instead the built a billion dollar building. Baltimore will never get better until more businesses and productive people exit.
@1f1 are you referring to Rowe or Baltimore?
In the next major market downturn, this company will probably be acquired on the cheap. Most employees will likely lose their jobs.
The old Baltimore culture that once made this company special is already gone. In its place are people who are not truly T. Rowe Price at all—people who merely maintain the appearance of what the firm used to stand for, while lacking any real substance underneath.
One way or another, the company is going to disappear as we know it.
From a broader societal perspective, that may even be the healthier outcome. People with so little intelligence, judgment, or genuine capability should not be collecting the kind of compensation they currently do.
@r4 Oh you're wrong - remember they announced their big 90 day thing! Accenture geniuses are working on it now. I'll be gone by the time whatever that is gets revealed. This place got conned by Accenture, the workers provided are not knowledgeable at all, and no amount of forced "training" will change the lack of experience, initiative, and ability to think critically. I cannot believe this is happening. The only way this would make sense is if an imminent sale of the firm is coming. RR did this at Fanny Mae (you can ready their layoff stories from the years that was implemented. If that was a rousing success, why did RR leave FM? Makes you wonder. And given they came up with this ridiculous plan, I cannot see any useful or successful implementation of AI. Leave the "humanoid" development to Elon Musk. I can see whatever humanoid they want to have down at HP ending up like those robots you see in Tik Tok videos going crazy and attacking humans.
@OP if there was any plan leadership has wholly failed to articulate it in any meaningful way.
Oh I know, let's fu---n re-org again lol.
Maybe throw in some meaningless business degree buzzwords, I think I heard "virtuous flywheel" last time.
lol. Bit funny reactions to one optimistic and one pessimistic set of comments.
@OP could really be changing this time. I hope it does. Getting rid of some of the previous local leaders that were just yuk was a good move. From that has flown some grassroots change in strategy and direction. Broad top level themes may not change much anyways as themes in the industry are what they are. Baltimore can also done get forgotten in the corner.
@OP Don’t force your negativity on the rest of us. No one has to prove anything to you. Let’s just play the quiet game… ready… set… go!