Managing Director, Consulting Reviews

Unfortunately, S&P has changed dramatically over the last several years. For a long time, it was a very collegial atmosphere where for the most part everyone worked together with the goal of getting ratings out the door 'right'. Despite what has been published in the media or comments from bankers, in my view, the integrity of the analysts producing the day to day ratings and published commentary is beyond reproach. Keep in mind the CRAs and their ratings are viewed differently through a bankers/arrangers/issuer eyes. The CRAs are a necessary evil to get their product into investors' hands. Moving on, it seems senior management has undertaken a path which seems to be directed by large institutional investors to cut costs at the expense of the employees in order to return more value to the stockholders. While I understand the obligation to shareholders, it is now to the detriment of the staff and the organization. This is beyond what is reasonable in this reviewer's opinion. They continue to cut staff, mostly long-time employees of the company who were compensated well, but also have the important market experiences and institutional knowledge that provide the firm with its reputation. The structure of the organization is being changed such that along with the staff cuts there is little opportunity to move up or be promoted, creating a more cut-throat environment. It also in effect, is killing the motivation for anyone who is ambitious. More and more work is demanded o

Soft skills & people have to be developed. Progressive elaboration is the only way we grow. We must attain the highest level on the maturity model and maintain our position through constant customer relations (customer feedback is key)

Your listen/speak ratio should be no less than 2:1.