Bueller? Bueller?

Jefferies lowered its rating on State Street (STT) to "hold" from "buy" on Tuesday, setting a price target of $87 on the stock as well.

The rating revision comes as the firm believes the bank's cost control story could be diminished by slow core fee growth.

So let's analyze what the analyst is saying, that state street will continue to bleed money and not grow revenue no matter how aggressive their layoff policy.

I don't know about you but I think time for a new CEO with fresh innovative ideas instead of using idea and from the same playbook of the 1980's, just my opinion.

But who am I? Just a lowly minion overlooked by the big guys.

Comment! It's anonymous!

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After 25 years of faithful service, I was tossed aside by the company. I spent 2 years doing temp jobs until I found a full time permanent job paying 35% less . But I am grateful just to have found a job

@MQlDxyY Great post and I definitely agree with you. Since I am a former employee of State Street who has never found another decent paying position, I know first hand the suffering of so many of us who have either left State Street or gotten laid off. Additionally, I have many years experience in the financial services industry, a background in accounting/finance and an MBA degree.

I believe that it isn't just the CEO who needs to be replaced but also many of the other senior VP's also.

Why change if you can keep pulling down heavy 8 figure incomes without raising any eyebrows?

It's just us peons that notice.

We're dispensable like one time use razor blade.

Thread regarding State Street Corp. layoffs

Bueller? Bueller?

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