So that means they have to cover the humongous salary by layoffs. The chasm on incomes is most reprehensible, regular workers are grossly underpaid they know people will leave so why up the salary base they'll get s be batch every year at graduation time.
No hope for State Street with that mindset.
Easiest way to cut costs CEO and all top levels forgo bonuses lower their massive Seven figure salaries pay living wages to their employees that are LOYAL and they'll have a surplus Hooley doesn't NEED $16 Million to live on!
I THINK POOR STATE STREET IS RUNNING OUT OF IDEAS ON HOW TO CUT COST.
2 THEY OUTSOURCE EVERYTHING THEY COULD TO CHINA AND INDIA
3 THEY REPLACE MOST OF THE REMAINING STAFF WITH PART TIME WORKERS AND FULL TIME TEMPS.
SOME OF THESE TEMPS HAVE WORKED THEIR AS LONG AS 5 YEARS