Job Title: Vice President
Location: Boston, MA
Submitted on: 07-Feb-03
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Workplace
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State Street Corporation should make the list of the top 10 places at
which to avoid working. The company is a plethora of uncoordinated
fifedoms. There is NO central leadership at the company; even if the
CEO communicates a vision and a strategy to get there, senior managers
who find this vision undermines their own personal interests need only
to passively resist by failing to execute (even should they have openly
agreed to the plan) to foil others who sign up and make effort to
execute the plan. Top managers are backstabbers and, even when this can
be demonstrated unequivocally, there is no retribution to the offending
party. The HR function is probably the biggest weakness in the company,
with pure incompetence everywhere. The recently retired EVP of HR was a
woman with little formal education and skills; clearly, the company put
her in an "unimportant role" to make its affirmative action management
quota. And what do they have to show for it: why, one of America's
worst run companies with poor strategic thinkers at the helm. This is a
sales maniacal organization; anyone with a brain or sophisticated
business management skills that rely upon strategic thinking or
analytics eats a death cookie by joining this organization.
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