2.0
Apr 2, 2015
Recommend
CEO approval
Business Outlook
Pros
Global custodian with foot print around the world. Open to operating in many countries. Product offerings are a mile wide.
Cons
Compensation. Northern consistently places the burden of reduces expenses on the backs of employees. While in a low, tight interest rate environment, Northern placed, and rightly so, a very high priority on reducing costs. However, because by far the greatest costs at Northern are compensation and benefits, the only way to significantly reduce costs was through lowering growth in salaries/bonuses and reducing benefits which Northern has done. As a result, morale is probably at an all time low.