Charles W Scharf has an estimated net worth of $468 Million. This is based on reported shares across multiple companies, which include MICROSOFT CORP, WELLS FARGO & COMPANY/MN, Bank of New York Mellon Corp, ST PAUL TRAVELERS COMPANIES INC, VISA INC., J P MORGAN CHASE & CO, TRAVELERS PROPERTY CASUALTY CORP, and BANK ONE CORP
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I'm no broker, but isn't it a conflict of interest for Schart to own WF stock, since he has inside knowledge of what he is going to Fu** up next and manipulate the stock price?
I'd like to request that my 401K match that I lost on 10/1 due to being laid off goes to Charles. Want to do my part to reward him for all his hard work! Does anyone know who I can contact to make this happen?
@wfl+1uHAtXW2
"You’re stealing from your employees"
LOL. Your so cute precious!
He's not stealing anything. He is getting compensated to do a job. Just like you.
If they dangled a sh-t-ton of money for you to do a job of fixing this bank I am pretty sure you would consider it.
Now, I'm not a fan at all of him and his disconnected team he has put in place, but the market sets the price on wages, and it's been flat for years. Until that changes, we won't see wages get up to where you want to see it.
I know, TLDR, so go ahead and downvote because, that's what you do.
Why the heck work when your net worth is that much.
The most unpatriotic along with all his executive suite buddies. Su-king the life out of Americans and society for personal gains.
This is why we need to take proxy voting away from fund managers and return it to individual investors. Vanguard, Blackrock and all other fund managers just vote with management meaning they agree with the CEO salaries. Notice how these salaries have increased exponentially since funds have become more popular (due to 401ks, etc.).
We need to bring back some semblance of balance to CEO and C-Suite pay. We need Occupy Wall Street movement to resume.
If you’re a CEO getting 30 million in compensation while laying off employees, buying back stocks, and keeping rank and file wages flat without cost of living increases, congrats! You’re stealing from your employees.🤷🏻
About 1/2 way to being a billionaire.
Clearly no end to his greed.