{"id":47368,"date":"2015-04-09T06:35:21","date_gmt":"2015-04-09T10:35:21","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=47368"},"modified":"2015-04-09T07:37:07","modified_gmt":"2015-04-09T11:37:07","slug":"hedge-fund-says-bny-mellon-is-bloated-with-10000-excess-staff","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2015\/hedge-fund-says-bny-mellon-is-bloated-with-10000-excess-staff.html","title":{"rendered":"Hedge fund says BNY Mellon is &#8216;bloated&#8217; with 10,000 excess staff"},"content":{"rendered":"<p>Reuters &#8211; Activist hedge fund Marcato Capital Management on Tuesday said BNY Mellon Corp&#8217;s employee base is &#8220;bloated&#8221; and disproportionately larger than its rivals.<\/p>\n<p>Marcato, which owns about 1.6 percent of BNY Mellon&#8217;s stock, previously has called for the ouster of Chief Executive Gerald Hassell, saying he has missed profit targets and has failed to streamline the bank&#8217;s expense base.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/2015\/04\/07\/bank-of-ny-melln-marcato-jobs-idUSL2N0X421M20150407\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Activist hedge fund Marcato Capital Management on Tuesday said BNY Mellon Corp&#8217;s employee base is &#8220;bloated&#8221; and disproportionately larger than its rivals. Marcato, which owns about 1.6 percent of BNY Mellon&#8217;s stock, previously has called for the ouster [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47368","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=47368"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47368\/revisions"}],"predecessor-version":[{"id":47372,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47368\/revisions\/47372"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=47368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=47368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=47368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}