Upload the annual budget statement to Claude and ask it to analyze the document for cost‑reduction opportunities. Most expenses come from WIM, and there appears to be a potential savings of $800M by lowering those costs.
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AI will find a glut of MDs who sit on calls all day and contribute nothing. I live to see the cuts at that level. Soon.
Just as systems replaced Bookkeepers, AI will replace ??? advisors?
Do you have a tech expense with WIM? Are you getting what you need?
@ah technically, anyone not an Advisor is overhead.
WIM has millions in Salaries for “internal” sales people. Stop pushing alts and Market Linked Securities. It’s a joke, a complete joke. JC’s team is all expenses. National Sales is a bloated joke
Or you could use the measure that everyone uses, which is efficiency ratio and then just breakdown the top components of expenses
Let’s take a guess here that it’s staff
What matters is the share price and the main way to increase share price is to announce huge layoffs. And as AI takes over many jobs, most corporations are going to increase layoffs. What will be left in most corporations are a few "Yes, sir" humans, robots, AI agents, and executives to distribute shares to each other (so they can cash out as the share price increases).
Uploading by budget financials to Claude is probably “cause” for termination.
Nope, no way does WIM have the most expenses and no way WIM can shed $800M unless you're trying to shave compensation expense. If you knew anything about WIM, that's tied to commissions and thus revenue.
The CSBB real estate portfolio alone is more than the entire expense budget of WIM.