Noticed that since the last month there has been so many senior leadership people leaving. Anyone has any tea besides the cost cutting reason?
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Post ID: @ah+1jjmhr2e6 $hittybank employees are posting on this site. They're not the brightest bulbs in the chandelier. Hence, the reason why $hittybank is a Dysfunctional, House of Horrors Freak $how. ROTFLMFAOFFLOLOL!!!
I mean the folks at citi who make the money are staying and get paid. Agree the hedgies underperform and are expensive now that everyone knows the FANG trade
Combination of getting shown the exit and those choosing to look before they are forced to. Those that are in revenue generating roles appear to be choosing to. Lots of companies jump at the chance to take people that can pull clients with them. That's why we got Seig.
Post ID: @dh+1jjmhr2e6
You mean the alpha they generate at hedge funds, 98% of which underperform the SP500? Wow :D:D:D
Those that generate the alpha are very smart...
No this be tarzan!
Post ID: @dc+1jjmhr2e6
Jane, is that you? So you can compare the "experience" of licking clients' backsides with the experience of performing brain surgeries or designing airplane electronics? You are a joke... People in finance think they get the money they get because they are very smart - not really, it is just the nature of the business and the franchise you are riding.
Someone sounds grumpy...
You are the man when you can answer the ?s as sure plenty of the new folks ask them....
Experience does matter b-a
Happens every year for multiple reasons. Organizational changes or they were not happy with their comp. Take the bonus and run. They will all land on their feet.
Is that a genuine question? I am glad all these bloodsuckers are finally leaving - more money and space for promotions for younger generations. Fu-k them and their "experience" - banking does not give you any transferable skills - anyone on the street can do the job after learning the "finance" lingo - it just happened that these people at the right place at the right time and enjoyed the spoils. Time to move on...
What happened to Risk DART? Any tea to spill about that one? He was appointed literally only 4 months ago. Gone already?
Hey id--t, spill the tea is not literal, its a term meaning to share gossip. Drink brain juice if you have any
Cost cutting is all I've got.
this might be normal 'churn'.. but what I find interesting, is what I noticed with the last two recently announced EMT-1 departures, that they are not backfilling the position but instead flattening. I.e., the regional heads will report into Andy. so more simplification and I wonder if this trend will continue across EMT-1
Tea is not just for the C-suite. Personally, I've switched from coffee to tea as my usual morning drink. Easier on the stomach, just as much caffeine (if not more). I recommend it for everyone!
they are talented and getting poached to join other firms. If you look at other posts on this board, we tell the peons to move out to move up instead of sitting here unhappily year after year, and so that sir is what you are seeing
“any tea” ?