Nuveen - are your best days behind you? - Divisional Director Nuveen Employee Review

Madison Dearborn took Nuveen private at the top of the market - as a result, the firm is under extreme pressure to generate revenues and/or cut costs. There are many entrepreneurial people in the firm, unfortunately, executive management is detached from the people who are expected to deliver and doesn't do a good job of monitoring or holding to account those who are responsible for the undertaking. In a business with extremely large gross margins, this type of detachment isn't terminal nor does it result in major pain for shareholders, however, in the new asset management business paradigm it has become a problem for Nuveen and firms like it.