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"But we owe it to our customers and our shareholders to remain competitive, efficient and manage our expenses carefully".
In a memo to employees, Mr. Moynihan said that "we owe it to our customers and our shareholders to remain competitive, efficient and manage our expenses carefully".
On Friday, Mr. Moynihan announced that the bank was cutting 3,500 jobs, saying that "we owe it to our customers and our shareholders to remain competitive, efficient and manage our expenses carefully".
What is the compelling evidence that the vision of a competitive, efficient economy allocating resources to the right uses is actually a good description of the world we live in?
"I know it is tough to have to manage through reductions, but we owe it to our customers and our shareholders to remain competitive, efficient and manage our expenses carefully," Mr. Moynihan said in the memo.
I know it is tough to have to manage through reductions, but we owe it to our customers and our shareholders to remain competitive, efficient and manage our expenses carefully.
Similar(50)
In a competitive and efficient market, ships that have more fuel-efficient designs should, all else equal, obtain a rate premium to reflect the fuel savings.
In Thailand, it was argued that private education institutes would produce greater efficiency in education management because they are commonly more flexible, competitive and efficient than those run under a central bureaucratic system [ 25].
Yet Australia is probably more competitive and efficient than it has ever been.
Air travel has become more competitive and efficient, but is subject to significant market failures.
This is partly because they are not bound by existing business relationships, but also because only the most globally competitive and efficient firms enter the Japanese market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com