New boss, more resignations and the same director doing whatever he wants.
Municipal Team: evaluators and managers close to the market are gone. This happened as a consequence of a the relationship between the interim Muni director and one person. This person now manages projects, makes strategic decisions, and drove 4 people to quit.
Corporates: the Yale educated manager is gone, and 2 other evaluators quit this month. This team was cut in half in 2018 and has not been able to recover.
Securitized: the manager there has no power. This team is managed by the bears sterns crew. This crew work from home all the time, they have the biggest paychecks. One is Buffalo, another one in Virginia, the bank loans head never goes to the office. All of them are protected by the formed head of evaluated pricing.
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The valuations lead for bank loans has not been in the office for months. He is untouchable, and the clients relations lead protects him as well.
The thread forgot to mention the ultimate favorite - expert on ABS