Has the board of directors ever considered just firing themselves with the other droves of "assets" to fix the compliance problems?
This company has turned it's back on everything it once stood for.
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There is no accountability for remote employees in compliance. They use the hot spot all day long broadcasting member data. Going to the gym. Haircuts. Doing anything but working. Onsite employees get harsher treatment than remote employees yet remote are still on payroll burning it up and causing failures . Directors going to hit the fan when remote workers will actually have to review compliance work with research, and let’s hope that they are not out running around on their hot spots. This is why compliance is a failure and will see another occ because directors don’t have a clue about the business and don’t engage in accountability. They go after petty ness. Btw. Nobody likes toxic disrespectful directors.
There will be changes in the BoD soon…just wait and see.
Well they’ve gone a laid off all the talent and most of the employees that were fixing the compliance problems. All that’s left are a gaggle of “risk and compliance” people in title but little to no experience or ability. Meanwhile they are completely cut out of all actual decision making. So we have our prior compliance failures with what’s most likely a whole new era of risks and compliance and laws and broken/undocumented processes.
I read about the military in a comic book. That means I am next after you …
@cs The BoD failed so bad, they planted one of them as CEO. No real military experience. But he played CoD, so that qualifies now. I'm next in line as CEO due to my four years of service in high school ROTC.
That would mean the BOD would need to hold themselves accountable, and that’s not going to happen as they rather point the blame at the lower tier employees. Even Stuart Parker, in a 2018 employee meeting tried to blame front line MSR’s with “we’re not getting it done correctly at the MSR level.”