Since the manager is close to the Vice President of the IT department, he will behave as he want with the employees. Ask the employees to do work which has no meaning, and tries to show off all the achievements done by the resource as it was done by himself. He will steel the credit of the employees.
When coming to hikes, since he is close to the VP, both of them will decide basing on those who are in favor of them. In Berkadia, hikes or bonus will be given to only those who follows the Managers words foolishly. Even complaint was raised to the VP regarding the managers behavior. Since both of them are employees in previous company, the VP showed favoritism towards the manager and now indirectly punishing those employees who raised complaint.
Hikes and bonus and even promotions will be given only to those who will nod their head to the VP. People who workhard will be kept aside. Even no respect will be given to them.