like someone else said in another thread, JB resigning is like a captain bailing on a sinking ship and letting passengers die. Only if that selfish pr--k had resigned a week earlier it would’ve save a lot of jobs. Plus, he is so greedy he wants to leave in february so he can take his bonus and feed his ego, tummy and greed.
13 replies (most recent on top)
C-Suites are the modern aristocracy. They will always fail upward and let the world burn in their wake.
The CFO group also had a 10 minute meeting with the new CFO and it was so awkward. He kept wringing his hands and couldn’t get through a sentence without an “um”. The guy was obviously given talking points to repeat but I’m not sure he really believed it. He opened it up for a few questions at the end and looked visibly uncomfortable when none came in initially. All the questions were softballs and screened.
All I keep hearing from the corporate overlords is that Hendrick’s was JB’s “dream job” and that’s the only reason why he would leave. Absolutely ridiculous and completely tone deaf considering people literally don’t have jobs anymore after the layoffs last week and there’s talk about more layoffs in the spring. I don’t care what his dream job is when I don’t feel secure in mine. That guy could stop working tomorrow and be set for life. Most of Ally can’t say the same.
I am embarrassed that I bought into the Ally shiny marketing “best place work” cr-p. I don’t trust my manager or anyone above them because all I keep hearing is how happy they are that JB got his dream job and that we just have to keep our heads down and continue executing. It’s almost like they don’t care that the people who actually do the work are worried and stressed and there is no clear, honest and transparent communication from on high.
I hope they choke a little on that kool aid. This has been my wake up call to not go above and beyond for any company that can’t treat me like an adult (badge swiping reporting for attendance like I’m back in kindergarten) and communicate with me without talking points.
We once again had multiple meetings to all say the same thing (Di refused to take questions and turned off the comments, we see ya Di) but what stuck out to me in both is the timeline they gave. Both because of how they said it and the fact that it was word for word repeated in two meetings - Di was even reading from her script.
In January he was offered the job, but with a new CFO it wasn’t the right time. They revisited in spring, but with the SVB collapse it wasn’t the right time. But two weeks after fumbling a layoff in the midst of uncertainty and rumors of more layoffs just FEEL right, ya know?
Listen to what they’re saying - the quiet part is getting louder. Don’t have corporate loyalty and look out for yourself.
Rat abandoning sinking ship. Ally was on the list of top 10 bank to fail back in April. He knows the company might not make it, so he's leaving with his golden parachute to a smaller organization. Remember last year CFO was fired, she couldn't cook the books anymore. All the C-suite will leave slowly for the uninformed employees to suffer.
Did he not have to sign a non-compete agreement? How is this not a conflict of interest since Hendrick’s is a major customer. I pray for our company because it is in a mess. Crickets from management. They need to get in front of this and be transparent. Lay it on the table,,,,,where do we stand as a company?
I know a little inside information....JB quitting was in the works for months if not this entire year. Announcing layoffs then CEO leaving was all in the plan. No one quits and gets a new job lined up at a C-Suite level this quickly.
Just keep in mind they've been planning a reorganization since 2022.
Somebody pulled the fire alrm at ADC this morning lol
i'm sure it was just a coincidence ;)
Unfortunately, I think this is really bad news for the organization, and our job security. Although JB had his issues at least he was the devil we knew. Losing a CEO while a corporation is bloated, not profitable, just fumbled the ball on layoffs, and has a stock price in the tank means that the replacement is likely going to be someone who will push for more radical overhaul in order to right the ship as quickly as possible. Time to dust off the old resume and find greener grounds...
It's GOOD to be the King!
lol
Oh well... back to the mines for us plebs
~volfkhat
I’m actually sad. Not that he is leaving. But that he is leaving us in shambles while he already has another huge salary lined up while all of us are still waiting to know if we still have a job at all. The email was written in very poor taste. To not even address the mess he made and is just walking away. He did not make it sound like he was “stepping down”. He made it sound like it was his choice and his well deserved new promotion. No mention of any of the layoffs. It almost sounded chipper. As if we should be happy for him. Good riddance and good luck to Hendrick.
Come to think of it, my sadness is turning into anger.
Hendrick Automotive seems like he got an upgrade. The company is bigger and worth more. I think he's had this in the works for a while.
It's gonna get worse, the board is in cover up and contain mode. They are actively trying to contain leakers because more layoffs are coming under new CEO "restructuring".
JB gets his golden parachute and will most likely take Hendrick under to save Ally.Banking and Finance is an in cest ous business, especially in Charlotte.