https://finance.yahoo.com/m/279437bb-37ba-3e31-8b26-de86453e7985/sol-gindi-getting-wells.html
Typical reactive Wells Fargo: Do everything you can to destroy the business, drive FA’s away to the competition, decimate our reputation, cut out international clients, eliminate the high net worth client arm, lay-off pi$$ off and offshore the talent, exploit our clients, let the technology go to $hit, and THEN say you want to rebuild the business. Zero forethought, zero connection to the business, and always chasing their tail.
Sometimes these “highly educated” executives who keep getting passed around between the big banks have been so catered to and coddled that they can’t make basic common sense decisions. Let’s not mistake being educated with being intelligent.