Surely Blackstone must be looking at the leadership team to make changes. They have had many opportunities to turn TR around and make it more competitive against the likes of Bloomberg, but have made little impact. The response has always been to increase the margin, but making cuts.
There are many that have been promoted or stayed in very senior positions because of cronyism or even HR targets (rather than the best qualified/experienced person for the position).
I once read this interesting quote, which reminded me of some in the ELT !
"Steak over sizzle. Instead of working to improve their competency or attitude, many people focus on networking, looking attractive, etc. Ultimately, you’ll feel better about yourself and make a bigger contribution if you focus more on your steak than your sizzle."
Think that this post caught the essence of the situation with TR leadership. If the only strategy they had was “cut the workforce” and save funds then it is obvious that they don’t have the ability to bring any significant growth to the company. Originally posted by @VHNlHQr-1lip