Inequitable Cutting of Compensation - Anonymous employee FHLB Dallas Employee Review

The new bank president has significantly cut the bonus compensation of analysts, managers, and directors in an effort to save operating expenses, while allowing his friends in senior management to keep the same bonus level in order to enrich themselves. I've quickly come to the realization that this place is not a meritocracy. The President expresses a desire to change the culture of the bank in a positive way but his actions speak louder than words, and one of the main ways any organization expresses its values and regards for its employees is not necessarily the level of compensation but it's fairness. On that point, the president has miserably failed.