- 3.0Nov 1, 2008AnalystCurrent EmployeeCharlotte, NC
It beats working at McDonalds
Senior management is arrogant. Ken Lewis runs this place as if it were his personal empire instead of a shareholder-owned company that is successful because of its employees and not his "leadership". Many of us own stock in the company, and his personal hunger for Merrill-Lynch caused him to pay far too much for it. That has hurt our stock and this acquisition will probably hurt our compensation and possibly our positions.1
- 5.0Oct 28, 2023Financial Solutions AdvisorCurrent Employee, less than 1 year
Company is big truly big on promoting within. High turnover in role but it’s due to promotions seeker by employees.
None that I can think of
- 4.0Nov 16, 2023Vice President, Corporate Workplace Senior AnalystFormer Employee, more than 5 yearsCharlotte, NC
In my personal experience, the leadership that I worked with encouraged employees to expand and grow into new roles and did not hold people back from moving on and into new jobs. The seem to foster a culture of wanting to help their people grow their careers and encourage professional development. If a team lost a great talent / resource, they simply found another great talent and had good succession planning
Every 5 years or so when leadership at the top changed, they would decide to do everything differently than the last person and it would feel like they were turning everything on it’s head and 5 years of hard work would go down the drain and we’d be redoing things all over again. Sometimes it made sense and a new vision although hard to adapt to at first because change can be hard even when it’s good change, was difficult, but other times it was just change for the sake of change and (we felt) not enough thought was put into the downstream impacts of high level decisions.