Visionary
Trustworthy
Benevolent
Empowering
Generous
Respectful
Honorable
Supportive
Ethical
Multidimensional
Communicative
Fair
Motivational
Courageous
Innovative
Receptive
Loyal
Appreciative
A leader
He entered the bank as an egotistical di-k hellbent on inflicting as much damage on people as possible, and he has never wavered or shown an ounce of humanity.
If it does it will just prove, yet again, that downsizing doesn't correlate to stock price. Downsizing expenses are reported to be down this year. If the stock booms...
Everyone who down ticked this post - it’s time to wipe your chin and crawl out from underneath Charlie’s desk.
I thought this was a layoff board.
Wrong. WFC to hit 120 later in 2025.
I know this is hard to grasp, but at the time of the fake account scandal, there were a quarter million domestic employees and a large majority of them had nothing to do with it. Not involved, didn't know it was happening. There's also been thousands of new hires since the scandal broke, so obviously none of them are to blame. Finally, many many people that were in leadership on the retail side at the time have been termed or simply moved on to other things. Very few leaders in that area, from that time, remain, if any. Work on your attribution of blame. There's plenty to go around, but also no need to point the finger at the blameless.
Secondly, Shart wasn't brought in to "clean up" anything. He's here for one purpose, and one only, to get rid of as many domestic employees as possible. He really doesn't care about anything else, including regulatory issues. Sure, he directs his risk execs to "work on it" but that's about the extent of his involvement. Not his job or why he was hired. He was hired to get rid of us. All of us. Scandal or not. Remote or not. High performer or not. None of it matters. What country you live in is the only criteria. He'll keep firing people until he leaves, because that's all he does.
Before anyone says anything d-mb about the stock price, I'll remind you that over the last 10-12 years the company has downsized about 100k domestic workers. During that period the stock has been up some, and been in the toilet some. There really doesn't seem to be any correlation between stock price and terms. Our costs never really go down, they just spend the money in other ways. In the last few years Shart has spent all our profits on share buy backs. $4B of the $5B we earned in profits last Q alone. That has a lot more to do with share prices than downsizing does.
When there's a lot of trash, all you need is a trash can...
He's consistent only b/c he only has one tool in his box.
Wait, let me get this right. You're jealous because your career stinks, and you like to externalize your frustrations on a guy who's job was and is to clean up the dumpster fire this place was when it was run by the corrupt, loser, SF leaders that let their West Coast sensibilities ruin a bank that had (notice past tense) a reputation for being a trustworthy bank? What about all the people hurt by the fake account scandal? Some of which were living paycheck to paycheck? What about them? You were here when the fake accounts scandal was taking place, I'm sure. YOU'RE THE PROBLEM. You sat around, let it happen, and are complaining that now they have take drastic measures to clean this place up. Too bad for you.
No wonder he's a fan of the current guy.
He's consistent, that's for sure.