#executives

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Finance Cutting Executives by 50% by 2030

Finance oversubscribed, and reducing number of executives dramatically by 2030. Significant pressure to reduce potential of younger staff. Although has been happening for few years now, more pressure again this year. I had executive potential 2 years ago, recently told no longer executive potential, not competitive. Many with executive potential last year will lose this year.... but interning MBAs who will surely become future executives.... hmmm Ask you manager!! Most wont volunteer this information on your potential change but will communicate if directly asked.


Pershing is dying!

One after another, all members of Pershing’s technology leadership team were either let go or resigned. Leadership positions have since been taken over by individuals from BNY Wealth and Albridge, many of whom lack a solid understanding of the business. Their actions are causing significant issues, and I hope they recognize the problems before the situation becomes too big to recover from.