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Morning Coffee: The Bank That Lost Its Mds And Found Some Juniors To Replace Them. Morgan Stanley's New Friends
Posted on: Dec. 20, 2018, 7:01 a.m.
The embodiment of a false economy. : There is a paradox of cost cutting exercises, which is that they tend to over-deliver on the headcount reductions. If you fire 10% of your staff, then you will typically find that another 10% leave. This would be good news for cost cutting managers, except that the 10% who leave tend to include many of the ones that you wanted to keep. As soon as a headcount reduction is rumoured, sensible bankers will ... Full investment news articleRelevent to this post: University of Nebraska Foundation,