Apparently he and the board had a difference of opinion on how the place should be run.
BNY Mellon named President Gerald L. Hassell to the additional titles of chairman and chief executive, succeeding Robert P. Kelly, who is stepping down due to “differences in approach to managing the company.”
No word on what Kelly’s plans for the future are but perhaps Bank of America is interested, assuming they weren’t burned too hard by his public rejections last time around.
[WSJ]
Bob oh Bob's got a beautiful house.
Bob oh Bob received over a 70% pay increase last year alone. He is constantly sending Bob's Blogs emails stating which exotic country he is visting and pictures to prove it. I won't be missing Bob's Blogs. I find he would be better suited as CEO to Delta Airlines. He sure does rack up the skymiles quickly on BNY Mellon's dime.
I worked at the Bank before Bob took over the place. The place was always a borderline candidate for RICO charges, they have so many unethical/illegal activities going on all the time. Maybe he didn't like working with criminals.
I used to work at a BNY Mellon asset management sub and the first thing I thought of after reading this post was "guess he can devote himself to blogging full time!"