Pros
• Chances of the bank going out of business is very small given the Tokyo BTMU backing • Generous severance package which makes people hoping to be lucky enough to get laid off
Kontras
1) horrible culture overall, the organization refuses to change at its core. Numerous "reorgs/savings initiatives" that do not cut any dead weight in the end, but instead just shuffle resources around which somehow is still being counted as synergies achieved. 2) unqualified MUFG CFO who has no vision/ability to actually make the bank more competitive through process improvement. The CFO surrounds himself with "Yes" men who will not challenge him and help him manipulate results to make Tokyo happy 3) Regional Bank CFO staffs his organization with his friends. He has promoted a disproportionate amount of managing directors / directors who are under 35, 80% of these promotions are unwarranted, but he had to take care of his friends and alumni 4) MUFG is trying to squeeze out expenses by no longer reimbursing for parking; delaying 401K match until year end; reducing expected merit increase from 3% to 2.5%