Myopic management - Quantitative Research Analyst AllianceBernstein Employee Review

Management at AB has been reaping the benefits of Peter Krause's investments for years. It will become apparent to the market soon that current management is a collection of mediocre individuals that run the business strictly for next quarters payout. Quality-growth bias in Equities business has been a tailwind that hid this fact so far. Unfortunately the reckoning is near. AB has explicit targets to pay below industry average. High quality talent moves on and B players keep getting promoted.