@b2 she’s talking about another bank when she says that - they have clearly said if you are reading and paying attention they are looking to target smaller acquisitions
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@k7 Not me and I work here :-)
@b2 Shocker! GK's a lyin btich
@a2 I don't think anyone on wall street cares what the USB stock price is. The rest of the market has gone up and USB stock has been sideways for years. Who in their right mind would invest in this POS company when there are thousands of better options?
@gs ESA. 101%? I know there was some held back. My people got really nice bonuses. Merit was blah but it always is.
@gc what org? How many % of target was it funded at?
@an I’m not sure what business line you work in or your grade level, but I just did comp for my team and the bonus pool was pretty darn good.
The fact we already feel like where on a chopping block-- look out for us remote people the 700 gained will probably take our seat.
I figured it was either the bonus pool or the savings from sunsetting the old U.S. Bank Pension Plan, the trim on merit increases, skims off the top of AIP and LTI that go somewhere besides hard working and highly regarded and respected employees within their peer group.
BTIG was named as one of USA Today’s best places to work for the last four years in a row. How long after they’re acquired by USB do you think it will take for that award to become a distant memory?
@a8 "Will be interesting to see if BTIG gets hubbed, trash cans removed, hotel seating and three days a week in office unless more than 30 miles from the office"
Of course they will. The ones that remain after the remove "redundancy" for "efficiency" and outsource to India half of the remaining jobs. In 2 years, of their 700 people, maybe 5% remain. They will see what a he-l hole this company is. I used to like this company. Good grief AC and GK su-k.
GK 8 months ago “We are not chasing any acquisitions as we continue to focus on organic growth”. Since then, I’m aware of two. Elavon acquired one merchant acquirer and now this one.
Transparency is not her strong suit
She likely used the bonus pool to buy it.
Return of the old Piper Jaffree foray into the world of owning and operating an investment bank?
This isn't a Bear Stears, Morgan Stanley, Lazard Freres or Goldman Sachs (although Goldman is/was an owner of BTIG) and not much splash, stock price is down, headed under 54.
Will be interesting to see if BTIG gets hubbed, trash cans removed, hotel seating and three days a week in office unless more than 30 miles from the office
$1B is really not that much compared to the $678B US Bank. More flash than substance. Another headline to say "we're doing something" to Wall Street, and for the CEO to say "See I know what I'm doing".