Thread regarding Bank of New York Mellon Corp. layoffs

This is private equity

RV joins the company, lays people off, reduces benefits, saves on costs, and raises service fees. Once the stock price goes up, he’ll sell his shares and leave


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| 22 views | | 10 replies (last April 3) | Reply
Post ID: @OP+1kn27kk3p

10 replies (most recent on top)

He needs to be sued and fired. RV is a POS . Comes to America, gets rich off fu--ing us over and needs to be deported back to UK and stripped of his bs millions. Fu--ing loser

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Post ID: @nx+1kn27kk3p

There is a retention period for employee purchased company stock.

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Post ID: @jk+1kn27kk3p

This id--t has no idea that he can sell his shares.

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Private equity with an AI twist.

Once the hangover of AI investment sets in, and after seeing low returns on this investment. There will be a shift in EC and direction.

From what I read, BNY is leading the AI race within the financial sector for monies spent on development and implementation. To date: There is no significant return on this investment. When AI subsidies are reduced or exhausted, will companies (especially this one) want to spend 5 to 10 times over current costs? No. More so when marginal gain were realized after review.

The net gain during 2023 through 2026 for BNY, will be in off-shoring operations to India. Reducing real-estate involvements. Job incentives offered through US state and local governments. Sun-setting senior staff members. Etc. All things rational and non-se-y.

I believe the general market knows BNY is a boring custodial bank lacking new business. There is a temporary cloud AI euphoria in the air. BNY is not an exciting tech company leading an industry or about to change business. BNY is a homely, reactionary firm. Not a leader, but a follower.

If I could sell my BNY stock, I would. I believe once I'm able to sell, the bubble will have broken and maybe the best I can muster is to break even.

7 hours ago by Anonymous | 6 reactions (+6/-0) | Reply
Post ID: @e7+1kn27kk3p

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Post ID: @fn+1kn27kk3p

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Can't happen soon enough.

18 hours ago by Anonymous | 3 reactions (+3/-0) | Reply
Post ID: @c0+1kn27kk3p

Good god sell them. Take your paperwork into any brokerage and for god’s sake sell them.

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Post ID: @fm+1kn27kk3p

WTF is so hard about selling your stock. Do you not even have a business degree or even a University of Phoenix associates degree?

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Post ID: @fg+1kn27kk3p

Id--ts…. You have stocks and any competent brokerage can sell as much or as little as you want.

Call Schwab, Fidelity, Vanguard, FEDERATED investments, etc.

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Post ID: @ff+1kn27kk3p

BNYM is never going to successfully leverage AI. BNYM may however be able to configure Eliza. I first did that in 1983. It’s basically nothing like Artificial Intelligence.

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Post ID: @fe+1kn27kk3p

Did you see the 2025 proxy statement? RV total comp was more than $80 million!! $83,472,970 to be exact. Its disgusting

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Post ID: @ex+1kn27kk3p

Private equity with an AI twist.

Once the hangover of AI investment sets in, and after seeing low returns on this investment. There will be a shift in EC and direction.

From what I read, BNY is leading the AI race within the financial sector for monies spent on development and implementation. To date: There is no significant return on this investment. When AI subsidies are reduced or exhausted, will companies (especially this one) want to spend 5 to 10 times over current costs? No. More so when marginal gain were realized after review.

The net gain during 2023 through 2026 for BNY, will be in off-shoring operations to India. Reducing real-estate involvements. Job incentives offered through US state and local governments. Sun-setting senior staff members. Etc. All things rational and non-se-y.

I believe the general market knows BNY is a boring custodial bank lacking new business. There is a temporary cloud AI euphoria in the air. BNY is not an exciting tech company leading an industry or about to change business. BNY is a homely, reactionary firm. Not a leader, but a follower.

If I could sell my BNY stock, I would. I believe once I'm able to sell, the bubble will have broken and maybe the best I can muster is to break even.

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Post ID: @e7+1kn27kk3p

Can't happen soon enough.

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Post ID: @c0+1kn27kk3p

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