The flawed business strategy

State Street's problems have nothing to do with the "globalist" vs "nationalist" debate. If only it was that simple....

The company's stock is down almost 30% YTD. Far more than the declines in the stock prices of bank of NY, Northern trust or JP morgan.

Despite all the staff cuts and offshoring of my good US jobs the company can still not grow revenue nor record a decent growth in its profit.

Why is this?

Could it be a flawed business strategy? Excessive compensation of senior executives?

So many possibilities. I leave it to each of you to ponder this question on your own. But be assured---more job cuts are coming and more job offshoring is a certainty.

The OP @VJDuJQ4-3zdw told the bitter truth. Thought this post needed to be more visible.

Comment! It's anonymous!

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And I might add on a side note it is also a factor the ETF popularity does cause larger highs and lows in the market that was predicted a few years ago so don’t get too unnerved. But I stand by my original point fed needs to unwind but slower and smaller and there is no denying that the economy was chugging along and even STT was benefiting from it. You do not realize the market can and is manipulated by a few billionaires in the world. Outside interests can absolutely decimate our markets.

It is def a flawed business model but I wasn’t making it political. Globalism smacks against capitalism and there is no denying that. And my point about the fed easnt political either it needs to unwind much slower and with smaller increments. And yea upper execs are s---ing the money out of the company. The burn rate is unsustainable.

Thread regarding State Street Corp. layoffs

The flawed business strategy

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