why did Barclays have to sell BGI?? - Anonymous employee BlackRock Employee Review

Tech group is run by the abrasive BlackRock 'New York clique' - if youre not in that group then forget it. Good BGI people leaving frequently since the integration. BlackRock (as usual) focused too much on the technology and not the people, its a bit late now to make token gestures. The performance management process this year is a shambles (again not focusing on the people) - very little guidance and no cascading objectives. All in all a complete disaster for the San Francisco BGI people. Trading teams need a PMO to organize the many development teams