Bring back Marsh Carter

Who else remembers how well the company was run under Marsh Carter ?

A man who treated all workers with respect and made them feel like valued members of the

State Street team.

Maybe the Board of Directors need to vote to replace Jay Hooley with a real Leader to keep

State Street afloat.

The only good thing about the layoffs is it finally happening to Senior executives who overpaid

for doing very little work.

Before I was discarded after 25 years of service , I so a few Senior executives who should have been fired years ago, but they had friends in high places who protected them.

Comment! It's anonymous!

6 replies (most recent on top)

And this is why #AgeDiscrimination is rampant in corporate America

Freedom Fighter: Many older workers need to work until they reach their full retirement age. If you start using your retirement fund to live on when you are in your early 60's you won't have any money left if you live until you are 80 or 85. Everyone is in a different financial situation especially if you are still married and your spouse still has a lucrative job. It isn't easy for the older worker to get hired for any job but especially a professional position. Most companies prefer to hire the younger worker.

Marsh Carter was the best!! He cared about the staff and the clients which made the company successful and made the shareholders happy. Now it's all about how it looks to the shareholders. All at the expense of the employees and clients. State Street will collapse under the weight of this lopsided strategy.

Freedom Fighter: Many older workers need to work until they reach their full retirement age. If you start using your retirement fund to live on when you are in your early 60's you won't have any money left if you live until you are 80 or 85. Everyone is in a different financial situation especially if you are still married and your spouse still has a lucrative job. It isn't easy for the older worker to get hired for any job but especially a professional position. Most companies prefer to hire the younger worker.

@Thomas

I was dumped around 2009 and I can tell you from 2003 and on its been a living hell at State Street

There was a time when they did not give out raises or bonuses for 3 straight years.

People saw their workloads double and triple as staffing was cut from 1/3 to 1/2 in depts.

Its a mixed blessing , the older workers who survived are miserable as hell yet grateful to still have

a job. A lot of them are in their mid to late 50's so they stay trying to make it to 59 1/2 when they

can tap their 401k tax free.

I was with state street for 30 wonderful years , under William edgerly, and marsh carter, and those were some of THE !!, best years of my life !! I left in 03 and was sad to leave !! I don't know how it is under current management ! But I would not want to work under uncertainty and fear !! As most of the state street employees are doing today !

I also worked at State Street for more than 25 years so do understand how you feel. I have never fully recovered from being laid off and it was very difficult to find a full-time position.

Thread regarding State Street Corp. layoffs

Bring back Marsh Carter

6 replies (most recent on top)

Post a reply