At the time it was Corporate Commercial. Prior to that I had the unique opportunity to work all over the bank in time management, retail management training, loan review, commercial loan approval, branch automation, product management. I did love my earlier career.
i was laid off two weeks ago in florida area. i have one child in college and one will be going next year. my wife believes she might lose her job. with two car payments, house payment and credit card debt we are headed for bankruptcy if i can't land a six figure salary job soon.
I am not talking about 25 or 30 year employees who are "upper middle management". Whatever the title is of your most senior people (senior vice president? executive vice president?) - how many of those people lost their jobs as a result of the stock price going no where over the last five years? Any organization usually gets to have too many of the most senior people when there has been the same Chairman and CEO for awhile - without a change in overall ownership. I did not look up the exact number of years - but P. Humann and J. Wells have had a long tenure. I Imagine that there are quite a few of very senior managers who contribute nothing more than being well known by these people.
Yes, but it also completely eviscerates the company of most of the organizational knowledge and experience. Granted, there are some boneheaded people amongst those making a lot of money but the real truth is that most of those people make more money because they have skills and knowledge that others don't. When you just piss away the talent that you worked so hard to train and retain it takes years to recover. I left STI a few years ago before the layoff train started running but I have a lot of friends still there. I've heard horror stories about the stupidity going on there these days because many of the people left don't have clue what's going on and the only ones who did got riffed.
Speaking of following one's own advice Pablo, back on July 9, you said,
"LOL, your last $2,300 will be gone by the end of the week. this pos will be in the 20's .."
You strike me as a man of conviction Pablo - so have you remained true to your own advice? Have you remained short STI since July 9th???
AND one more thing and I will quit. My last job was in a Commerical support area, the most unprofessional area I have ever worked in my career. The "manager" was a screamer. He made deals with all his direct reports to let them take off anytime they wanted. Everyone else was treated like non-exempt employees. I was never a non-exempt employee in my entire career. He has lost a lot of good people over this stuff. A lot more are begging to get paid to leave.