CWCapital LLC Reviews

3.5

67% would recommend to a friend

(32 total reviews)

Charles R. Spetka

88% approve of CEO

35% positive business outlook

CWCapital LLC has an employee rating of 3.5 out of 5 stars, based on 32 company reviews on Glassdoor which indicates that most employees have a good working experience there. The CWCapital LLC employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.8 stars).

Reviews by job title

32 reviews
1.0
6 Sept 2016

A sad, sad place

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

There are some good people that work here. Some smart people who, probably at one point, did really care. For a select few people there is some schedule flexibility. Health insurance is good.

Cons

Company is run like a dictatorship. Even Managing Directors have zero ability to make decisions and a few of them have been so blatantly set up to fail that they’ve just given up all together. Every single decision is run through the president so even the simplest thing (that employee needs a new laptop, for example) take forever to get done or it's never completed at all. There is a re-org every couple months but the results of that re-org are never communicated to the employees. One employee learned her new manager based on the person her expense report was sent to. In fact, nothing is communicated to the employees. Much like a dictatorship, there is ZERO transparency at every level and lots of secrets. Decision making from the top is non-existant. No idea how anything gets done. Everything is blamed on tough ownership (Fortress) but truly there is just no leadership at this company, no strategic direction, no support for employees. A business is a business and itis there to make money, no doubt. However, the amount at which this company disposes of and loses employees without a care in the world is absolutely egregious. They trim budgets by taking money out of employees pockets or tightening up on expense reports (not covering that Starbucks bill!) but they fail to see that real savings could be made by employee retention programs, employee betterment programs and training (outside of the rating agency required training), etc. The culture here is non-existent. It's absolutely abysmal. They have zero concern with culture whatsoever. Providing lunch on Fridays and breakfast every morning (which is taken away at 9:30am sharp even if there is tons of food left - Do not be late to work!) doesn’t foster happy employees, actually: it makes employees fat and resentful.

1.0
25 Apr 2012
Recommend
CEO approval
Business outlook

Pros

Highly capable professionals at the analyst, associate, and VP levels. Free lunch on Friday. Set your own travel schedule. Variety of distressed assets to work with.

Cons

Despite crowing about a record year for profits, bonuses were cut across the board. Senior management has no vision, communication skills, or respect for your abilities. Corporate leadership jumps from strategy to strategy without any consistency or attention to core businesses. Top heavy structure means new entry level is Managing Director or above. More MDs than analysts. More SVPs and MDs than associates. No ability for internal candidates to advance. Daily compromises of your professional ethics: if there's an ethical choice to make, senior management will make you choose the questionable one. No respect for the bondholders, "Fiduciary responsibility" is an outdated concept. If there's a chance for a related entity to earn a fee, your business strategy will be altered to accommodate. Lack of vision, interference from corporate owner Fortress Investment Group, and high number of MDs mean that directions are contradictory or impossible to fulfill as everyone looks out for their friends. Clear favoritism toward those who have been at the company longest or have developed friends at Fortress.

2.0
1 May 2012
Recommend
CEO approval
Business outlook

Pros

1) Gained responsibility for managing a portfolio of distressed assets. 2) Improved managerial skills by training analysts. 3) Expanded knowledge with various asset classes. 4) Improved multitasking and efficiency skills given the workload and fast paced nature of the work environment. 5) Exposure to senior mgmt and decision makers through credit committee presentations. 6) Friday lunches are free and provided by company. 7) Travel involved with position.

Cons

1) Was a good place to work prior to the change in ownership, which seemed to trigger the ineptitude of senior mgmt, yielding a myriad of unexpected and dissatisfying changes. Prior to the change in ownership, although the workload was still heavy, there was some sort of promotional structure in place and there were enough people to do the work. 2) Constant changes and fluctuations in organization structure lead to employee dissatisfaction and unease. It is concerning when the president also makes remarks that shows he doesn't know what direction the company is headed in. 3) Unimpressive management who appear to do no work, have poor communication skills and make no decisions that are in the best interest of their employees. 4) Very top heavy management with majority of promotions only at the analyst and associate level, leading to meaningless titles. Flat structure currently in place where a Managing Director does the same work as an analyst. 5) Owned by stressful private equity firm and management is clearly a puppet of the ownership. 6) Compensation this year did not reflect what senior management was indicating it would despite all of the hard work and fees brought in. No incentive to work or get modifications done. 7) Last minute fire drill underwriting projects. 8) Watching senior management eat lunch in front of you at monthly asset review meetings, while you are not allowed to eat at all (they will send a mean email if you do). 9) Decisions made were not always in the best interest of the bondholders. Fiduciary responsibility does not have a simple meaning anymore. 10) Muddying well publicized Special Servicer duties and responsibilities by purchasing brokerage and management companies. 11) Spent way too much time focused on "being in compliance" rather than working the loans, in order to avoid nasty gram emails and chastise. Many threats to compensation (meaningless) if various compliance measures were not met.

Viewing 1 - 3 of 32 Reviews

Glassdoor has 35 CWCapital LLC reviews submitted anonymously by CWCapital LLC employees. Read employee reviews and ratings on Glassdoor to decide if CWCapital LLC is right for you.