anonymous
Guest
anonymous
Guest
JP Morgan is just one of many money managers demanding headcount cuts. Pascal has no other avenue. His $45 Billion is now $35 Billion. And as he continues to sell revenue streams, that number will continue to contract.
The big funds are looking for $400 Million in bottom line cuts in 2018 to make up for the Billion dollar misses in 2017.
Everywhere Frenchie has gone the same M.O. plays out. Make bold promises to the financial markets but soon discovered to be fiction. Then sell off brands, property, and other assets to prop up stock price by buying back shares. Then cut overhead, last cuts being headcount which sends a bad signal to markets, use money to buy back share to continue to prop up stock price. Then dump your stock options when they reach maturity and leave for better opportunities. If you don't believe me, go back and look at his track record.