Sammie
10-18-2004, 06:32 PM
I went in for my monthly review on Friday and had the bomb dropped on me. In short, my job is gone.
The Private Bank created a new division last spring called Wealth Management. The slack ass bitch that used to be my boss headed up the project in our region. I should have known no good would come from it. This bitch never produced anything. She sat on her fat ass, went to plenty of training and seminars and redecorated the entire office but she never produced any sales. To reward her they gave her the position as the head of wealth management in our region. When Wealth Management was established it merged with the Trust division. Bitch face promptly took over the department. She took the fiduciary specialist's office. She fired everyone she didn’t like, many of which had been working for the company for over 30 years. She replaced them with people from another institution that she used to work with and now has no one on support staff that knows jack about trust. She has spent the last 12 months wasting company money and company time. Her business strategy has been to go after the high net worth clients of the Private Bankers and Financial Consultants. She has forced her way into their files and demanded that the business be handed over to her team rather than finding it on her own. Everything about her makes me sick. She's a dirty rotten underhanded bitch.
Well it turns out that Wealth Management is the new kid in town and the CEO's are determined to make this thing work...come hell or high water. Since they have had a lot of resistance from the Private Bank and the FC's (I mean who wants to hand over their A book of clients?), they have decided to just cut us out.
Effective immediately, my job description has changed. My position is no longer focused on investments and will now become the role of retail lending. The Private Bank is dropping all of my securities licenses and if I want to keep my job I will have to give up 10 years of experience and learn an entire new field of business, one that I have no interest in at all.
In short, my job is gone and I'm back on the streets looking for a way to make a living.
If I change jobs before April 15th, 2005, I will loss all of my bonus money from 2004 which is around 10k. I will also loss my annual trip for top performers.
I'm getting fucked.
There is some good news in all this; I'm being forced back into commission only which means I will likely make twice as much money next year. I've been meaning to do it but I've just been pretty comfortable in this cushy job.
Time to crack the whip again.
I just don't understand big business. It’s like the government in many ways. They start new initiatives every 6 months. A new department, a new job function or a new job title. Just when they have poured their entire budget into marketing and training, they start all over again. It’s a total waste.
And these people who are promoted over and over again yet produce nothing...it amazes me. Those who can, do and those who cant manage, I guess.
Bitch face came into the Trust department in the spring of 2002. She was a major underperformer and no one liked her snotty attitude. To get rid of her they created a job for her in the Private Bank in the fall of 2002. She spent 12 months with us and during that time she would start a new initiative every 3 weeks. I couldn’t even take her seriously b/c she couldn’t stick to one plan of action. She took credit for all our work as if it was her own but I never once heard of her closing any deals on her own. Then within 12 months the bitch is promoted again!! This time she is back in the trust department and firing the people she used to work for. She has been there nearly a year now and still no results. Now I'm losing my job??
WTF is wrong with this picture?
The Private Bank created a new division last spring called Wealth Management. The slack ass bitch that used to be my boss headed up the project in our region. I should have known no good would come from it. This bitch never produced anything. She sat on her fat ass, went to plenty of training and seminars and redecorated the entire office but she never produced any sales. To reward her they gave her the position as the head of wealth management in our region. When Wealth Management was established it merged with the Trust division. Bitch face promptly took over the department. She took the fiduciary specialist's office. She fired everyone she didn’t like, many of which had been working for the company for over 30 years. She replaced them with people from another institution that she used to work with and now has no one on support staff that knows jack about trust. She has spent the last 12 months wasting company money and company time. Her business strategy has been to go after the high net worth clients of the Private Bankers and Financial Consultants. She has forced her way into their files and demanded that the business be handed over to her team rather than finding it on her own. Everything about her makes me sick. She's a dirty rotten underhanded bitch.
Well it turns out that Wealth Management is the new kid in town and the CEO's are determined to make this thing work...come hell or high water. Since they have had a lot of resistance from the Private Bank and the FC's (I mean who wants to hand over their A book of clients?), they have decided to just cut us out.
Effective immediately, my job description has changed. My position is no longer focused on investments and will now become the role of retail lending. The Private Bank is dropping all of my securities licenses and if I want to keep my job I will have to give up 10 years of experience and learn an entire new field of business, one that I have no interest in at all.
In short, my job is gone and I'm back on the streets looking for a way to make a living.
If I change jobs before April 15th, 2005, I will loss all of my bonus money from 2004 which is around 10k. I will also loss my annual trip for top performers.
I'm getting fucked.
There is some good news in all this; I'm being forced back into commission only which means I will likely make twice as much money next year. I've been meaning to do it but I've just been pretty comfortable in this cushy job.
Time to crack the whip again.
I just don't understand big business. It’s like the government in many ways. They start new initiatives every 6 months. A new department, a new job function or a new job title. Just when they have poured their entire budget into marketing and training, they start all over again. It’s a total waste.
And these people who are promoted over and over again yet produce nothing...it amazes me. Those who can, do and those who cant manage, I guess.
Bitch face came into the Trust department in the spring of 2002. She was a major underperformer and no one liked her snotty attitude. To get rid of her they created a job for her in the Private Bank in the fall of 2002. She spent 12 months with us and during that time she would start a new initiative every 3 weeks. I couldn’t even take her seriously b/c she couldn’t stick to one plan of action. She took credit for all our work as if it was her own but I never once heard of her closing any deals on her own. Then within 12 months the bitch is promoted again!! This time she is back in the trust department and firing the people she used to work for. She has been there nearly a year now and still no results. Now I'm losing my job??
WTF is wrong with this picture?