Thread regarding Fidelity Investments layoffs

That NAV hit stunk...

They could have at least warned us they would be taking a huge charge when they preannounced the income figures. Hits those lower levels who benefited when they expanded share pool 2 yrs ago

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| 2068 views | | 3 replies (last March 3, 2018) | Reply
Post ID: @OP+RTyBqYM

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She paid for it with frozen wage increases last year and aggressively cutting staff. Phone groups that were already stretched are now even more tightly squeezed.

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Post ID: @7rfu+RTyBqYM

Are you alleging that upper management manipulates the NAV to "pay for" certain expenses? The other option is simply that the NAV accurately reflects a decreased enterprise value.

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Post ID: @3drr+RTyBqYM

The number was shocking and downright depressing. But hey, she had to pay for the 2017 VBO somehow, right? You’re welcome.

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Post ID: @2iap+RTyBqYM

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