New Executives Likely Positioning For Acquisition - Finance Texas Capital Employee Review

1.0
20 Apr 2021
Recommend
CEO approval
Business outlook

Pros

They have potable water and bathrooms in their offices

Cons

Nobody can be this terrible to their employees by accident. Rob (new CEO from JPM) has been recalling employees back into the office since February despite the vaccination efforts just beginning. Rob revoked the previous management's Alternative Work Arrangement promise to allow more work from home after a successful transition during the pandemic. Rob required employees who worked at facilities that were shut down during the ice storm to use PTO. This is despite the fact that many of those people had been coming into the office during the entirety of the pandemic to fulfill essential functions. Many of them suffered severe illness as a result. Rob revoked the ability to cash in accrued PTO upon termination or resignation. Rob sends out gaslighting propaganda pieces with with misinformation about other company's phase-in approaches. For example he cited Google's policy as justification despite the fact that they aren't trying to phase people back in until September and plan on allowing a flexible hybrid model after that. I have no inside information, but I find it hard to believe you can be this terrible to your employees in the span of one quarter unless you have a very short term vision for the company. He wants you to quit because he is repositioning the company to get acquired after the last executive team had a failed merger. Stay away from here, your job won't exist in a year. Better yet try applying to JPM, that's where your job will be end up getting shipped to anyway if you're lucky enough to make the cut.

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Texas Capital Response
5y
Thank you for taking the time to write a post. We are focused on executing our strategic priorities and believe we have a strong value proposition at Texas Capital Bank. We have the best employees in the industry and are well positioned to continue delivering value to our clients, shareholders and other stakeholders. We welcome the opportunity to discuss your thoughts further. If you have not already, please reach out to Human Resources to set up a time to talk.

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