You can tell that Walt is reading or is being informed of what is getting posted on this site and on Reddit. You could hear the tone of his voice change during certain questions. Overall if thought it was just a bunch of BS.
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@1riq+1nHizmjX He did. It was towards the end of the call. "Substantial. Not full. But substantial bonus" was pretty much the jist.
I don't know about yall but i don't make enough for anything below full to be substantial. Especially, with the rigged politics behind the performance evaluations.
Too bad if was not on video, would’ve been funny to see him twisting into a pretzel to justify being in office. If we are based in an office closed by them, we can have opportunities for advancement. But if we are in a location that is not closing, then no opportunities for leadership roles, culture bs, mentorship, osmosis.
Lord!
Wait! Did he say something about not a full bonus funding next year?!?! @1whc+1nHizmjX
After six or eight contradictions, I lost count. For a $24+ million salary, you'd expect him to avoid directly contradicting himself within minutes. Even NFL coaches give clearer post-game talks!
don't forget the less than full bonus this year. Gotta love canning a big chunk and then still not delivering on a full bonus.
He clearly said people working from home can be successful at Schwab
They literally say in one statement that people choosing to try and stay permanent WFH need to understand that it will "naturally" limit their opportunities for advancement with the firm. And then two minutes later in response to a question about the people whose offices were closed and their future potential he was like "oh that won't matter! You're a valuable asset to this firm we just happened to close your office, but you're good."
So which is it??
When was the call you speak about?
Walt is acting more and more like Pottrick every day. If the board wasn’t spineless lemmings they might want to go the same route and boot him to the curb. Unfortunately this time the person taking a sh-t all over the Schwab legacy has the board on his side. I always laughed when clients ask about FDIC insurance - “Schwab is huge and conservative, they’ll never fail!” Well, never say never.
I also listened hoping to get a better understanding on the decisions being made & walked away realizing we are dealing with boomers. Feels hopeless.
I listened to it naively hoping to get even a sliver of clarity on the recent announcements. Should have known better. Just more mixed messaging, vague non-answers, and general WTFness.
I used to have a lot of respect for Walt but my goodness his leadership and integrity have fallen off a cliff the last few years, and especially recently. It's embarrassing.
The problem is obviously the EC as a whole and not just Walt, but when he speaks to the decisions and policies of the EC it's often completely contradictory and sometimes just nonsensical.
Everyone should listen to that call - even Walt! Maybe hearing it played back he'll realize he didn't quite nail it the way he probably thought he did in the moment.
Everyone should hear the recording before they pull it. It's a perfect example of double-talk. "I don't have the answers" jeabus what a slow-motion disaster this has become over the last 4 weeks.
Interesting as someone from STL. They admitted that STL had 100s of employees that were in office and wanted to be there. We knew this was the case and I'm not sure why we've had to hear for a month that our location was not showing up or dealt with mixed messages about closure/RTO.