Business run purely for execs - Recensione dipendente - Equity Research Analyst presso Nuveen

Everything you hear about wall street is true. Nuveen is owned by a non-profit, so theoretically they should be better, but they are actually worse as they don't have a real shareholder holding them accountable. The firm is run entirely to enrich execs. Greenwashing. Firm touts ESG, but internally talks only about the higher fees and how it will help marketing. The ESG team has voted in favor of management in just about every governance blow up we've seen in the last 5 years . The firm screws its own employees over by putting them in the active target date funds instead of index target date funds for their 401k. The only reason behind this is fees nuveen/tiaa gets. Performance of active is awful. They run to check every box, no real differentiation or coherent product strategy as it is 'me too' driven. They convert a mutual fund into an active etf and talk about how it is innovative. Compensation/layoffs is purely based on politics. You will never see a larger gap between management and workers. Management wants to milk the system for excessive comp until they retire, not improve the business. They cherry pick numbers to show how well they are doing. Management doesn't even try to make the business run better, they just hire more employees to add to the bureaucracy and when we have a downturn in markets, they cut people. The firm is vastly overstaffed compared to peers with similar revenues. Zero opportunity to move up.