Whilst spewing all the latest buzzwords and talking BS about future forward, client centricity, win as one team etc etc. the senior management hasn't got an f ing clue how to run a business.
oh sh!t, my bonus depends on a good revenue per share number. I don't know how to generate recvenue so I'll take billions of revenue and buy back shares whilst sacking the people who make the revenue, that will secure me another $20 million bonus!
Here's am idea, how about joining the team, taking a bonus cut and letting people who know how to run a business , do it? Instead of paying consultants millions to do your job!
6 replies (most recent on top)
The irony of hiring consultants who tell you that you have too many consultants in the company.
I once saved a key account a protentional fine of over 4 million dollars. FIS recognized my achievement with a $50.00 Outback Steak house gift card.
Hiring an outside g-n who says "you have too many directors and should have less" IS NOT A STRATEGY!
Mckinsey charges by the buzzword and just hands over a script.
That's why any speech given by c level is so jargon heavy
They don't care. He-l, 2/3 of that place is out of compliance with just about every regulatory rule there is. Half the applications they sell don't work correctly and actually put the institutions that rely on them in regulatory cross hairs as well. You can only "downsize" for many people from Compliance before it becomes a joke that they care about compliance anything.
Spot on!