Since the near collapse of the company in 2008/9 it has never recovered. A firm that once had about $150 billion under assets now struggles to reach upwards of $25 billion as clients left in droves. Out went one of the sweetest deals ever for non-business side employees, and testimony to the Buddhist principles of its founding father, Barr Rosenberg; namely the Profit Share. This striking equality in a cut-throat business meant all employees, from the receptionist to the CEO received a bonus which was a % of their salary, regardless of performance: at the end of the golden age in 2007 Profit Share was 135% of salary of thereabouts! Add to that first class trips to the San Fran office, paid sabbaticals, etc, etc, and no wonder other AXA companies called it the "Stairway to Heaven"... All that went of course following the disasters of 2008/9 and now it's quite usual from year to year never to receive a salary increase, and bonuses are minimal even by average City standards. AXA Rberg has become another poor paying, poor rewarding company with minimal chances of career advancement. There's no end in sight to the "winterisation" either, and people have left in droves. AXA Rosenberg's glory days, despite the sterling efforts of its relatively new CEO, Jeremy Baskin, are firmly in the past.
