Can someone who is smarter than me help me understand how good or bad the quarterly results, and because of timing, the annual results for 2025?
It seems like we had a really good year but I can be reading this wrong. But I'm getting upset that it looks like we had a good year but I know the compensation numbers are horrible this round. And if that's the case, they do not in fact pay for performance.
Because there is one strategy: fire Americans and hire Indians
@an That’s the classic rule of every publicly traded company.
To employees, the leaders say “oh gosh! Headwinds in the economy! Struggling to make numbers! No raises, no bonuses! Do more with less! We are hanging on by our fingernails! Work harder!”
To shareholders, the leaders say “record profits! Record breaking financial performance! Huge growth! Record efficiency ratios and revenue per headcount! Amazing performance by your leadership team, we deserve astronomical bonuses and stock options!”
Massive layoffs today in our department. On a Wednesday of all days. I’m safe for the moment. But feels gross they are laying off right before they announce bonus pool and yearly raises.
The stock price could soar, efficiency ratio in the 20’s and the bank would still play it off to employees as a horrible year.
Wall Street analysts have seen this show quarterly for the last decade, momentum, progress, inflection points, pivots, yes USB still languished in mediocrity, with the franchise at stake when you offshore the number of critical positions which can make or break a relationship. In my opinion nobody external listens to Captain Kedia, when you can have access to Jamie Dimon, the CEO at Citi, the folks at BoA who will deliver $1 billion in stock to their employees, the trusted sages at Truist, PNC and 5 3, USB is too concerned with social issues, political unrest in its home city and missing on efficiency and effectiveness to be taken seriously.
Super demotivating that good results still means layoffs.