1.0
18 Aug 2008
Current employee
Reston, VA
Recommend
CEO approval
Business outlook
Pros
There are no good reasons right now.
Cons
The current CEO wants to cut expenses and sell the company as soon as he can. There is no planning for the future, absolutely no employee development, and irrational product development. Along with the constant series of layoffs, it is a dismal place to work. Sallie Mae is currently going through the process of reducing employee benefits and freezing salaries. At the same time, the CEO and the friends he has just brought over from MBNA have record compensation packages.