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Commerce Bancshares, Inc. Message Board

  • doctorj514 doctorj514 Jan 12, 2004 3:23 PM Flag

    Job Cuts

    CBSH has made some job cuts in their trust department, mainly on the institutional side. This group has lofty plans to generate revenue and earnings growth but is significantly missing the mark. The cuts will need to go higher in this dept. to have any positive impact. Some very high priced folks that are underperforming and overpaid. The growth in this department is critical to long term stock price appreciation given CBSH's sleepy commercial lending division.

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    • They are not making many friends. Rumors are swirling that they axed some long time employees who have given their hearts and souls to the organization!!

      That will change the perception of Commerce as a community bank to a "mega money making machine" that they always say they are not.

      The Trust Department, with less about $30 million in profit is a drop in the bucket.

      It seems to me some folks got sacrificed cause someone is trying to justify their existence.

      Oh well...........Time will tell.

      Of course, none of us know the real truth. I only know what folks tell me.

 
CBSH
46.47-0.39(-0.83%)Sep 19 4:00 PMEDT

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