Great first quarter results announced today. Stock market is loving the news. State street stock is up huge on the day. Isn't that what really matters?
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He's the dead weight bringing the whole company down
Rotting from the top down
He's a corporate Wh--e
No creative ideas
Old playbook
Tired worn out
CEO needs to go
I agree with your entire post. Jay has got to go ! I can't imagine that many of State Street current clients can be very happy. I don't expect that layoffs will stop but will continue. If they offered some of the older workers that have spouses and enough money to live on severance packages that would be great ! Unfortunately, they layoff at all age levels and some of the most vulnerable of their employees. I was a long-term State Street employee who was laid off before I reached retirement age and am a single women who doesn't receive support from a husband/companion.
I personally know of many who were laid off from State Street who are struggling to make ends meet.
@GREAT
Your post is so foolish shows your lack of any business knowledge.
Has Jay gotten SST any more clients ?
Has he worked to improve customer service and the products ??
Laying off and outsourcing thousands of workers to cut expenses is the oldest trick in the book
It sometimes causes the stock of a company to go up for a while before it crashes again
It only matters if it results in better bonuses and no layoffs.