Bank of America -- misery or miserable?
If their own employees are miserable, maybe that explains the miserable service we are getting?
Is anyone happy to be dealing with Bank of America besides Warren Buffet?
Wall street Journal article "Bank of America Countrywide: Worst Deal in History"
Counrywide now looks even more like one of the worst deals ever struck in corporate America. (Yes, we’re keeping a high rank reserved for AOL- Time Warner.)
Take a look at the litany of legal settlements, losses and other headaches Countrywide has brought BofA. Has a $4 billion firesale deal ever looked so expensive?
According to this article that announced Bank of America Job Cuts which could total 10,000
Analysts have noted that Bank of America’s acquisition of mortgage lender Countrywide has proven disastrous, with all the liabilities that a balance sheet full of thousands of subprime mortgages would entail. Employees on glassdoor.com also provide some insight into how the acquisition has affected their workplace.
An Account Executive from San Francisco writes, “The acquisition of [C]ountrywide created many problems in service and IT which resulted in 6 months of awful turn times and low pay for the 100% commissioned ae’s. It was clear that the former [BofA] management style and customer service went to crap once [Countrywide] was acquired.”
The Consumerist posts the worst company in America. Round one shows Bank of America with 81% vote against Citi with 20%.
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