Thread regarding Charles Schwab Corp. layoffs

Will 2022 be the year Schwab becomes Teal

Will Schwab really attempt to bring two cultures together and become teal or will they dig in, remind green that they got bought and then turn darker blue?

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Post ID: @OP+1eAmEpoa

24 replies (most recent on top)

It’s more like an arranged marriage. They’re still the same before and after “I do”, you just don’t have a choice.

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Post ID: @baqm+1eAmEpoa

Its like getting married and once you say “I do” your spouse completely changes. I didn’t chose to marry this new person, i chose to marry the one i knew and loved but now i’m stuck. I could get a divorce, but am hoping they might change for the better and we can still have a wonderful life together.

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Post ID: @bwih+1eAmEpoa

If integration had not come years after the acquisition there might not be such a blue/green dichotomy. At this point you all work for Schwab and it doesn't matter your origin. If you don't like your bed, move on. Stop waiting for so called bonuses or layoffs, you only have so many years to live....move on

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Post ID: @bxqe+1eAmEpoa

@5nun+1eAmEpoa
Agreed. Not to mention that it was not necessarily the best investment choice to hold on to so much in SCHW. It took a pandemic, huge government outlays and unprecedented supply chain botttlenecks, none of which were foreseeable, to get any sort of inflation and the coming interest rate hikes.

Before March 2020 for years the concern of most was perpetually low interest rates and the potential for deflation.

So you can thank Covid and the government response for a lot of the gains.

But it's good that Schwab does offer equity stakes. And the ability to buy shares at a discount.

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Post ID: @6rwg+1eAmEpoa

Blue here. Some of the comments from certain Blue folks here are just not necessary. It is true that Blue staff, that have been at Schwab for even 10 years may have accumulated a lot of wealth just from the SCHW due to ESPP and equity awards. If they held on to all these shares, and with the 90+ hit recently, thats a chunk of change no doubt.

However, I think these posters are the childish ones. They are probably just responding to all the negative posts about Schwab in general here, the complaining about leadership and the work environment, and its their way of saying they don't really care.

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Post ID: @5nun+1eAmEpoa

@5fdk+1eAmEpoa why is blue always talking about retiring but never doing it? I have a teammate just like you. Seems fishy. Just do it.

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Post ID: @5dme+1eAmEpoa

@5vso+1eAmEpoa it's apparent what the collective woohoo is. You won't stop taking about it on this board. Schwab Billionaire who spends all their time here telling people about it. I was asking who thinks company stock is still a buy. This does not make me an id--t. With your endless wisdom I thought you would have a real take on the subject. but like my other Blue colleagues you took the low road again.

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Post ID: @5kmq+1eAmEpoa

@4wvy+1eAmEpoa
You are definitely a bright one. Wild guess, Green right? No one is advocating buying... well I'm still buying through ESPP at the end of the month actually. But this is for those that have accumulated years of SCHW from ESPP, Stock Option and RSU awards, where the shares may have been as low as $12 during the offering.

It's more of a collective call to woohoo because you got some small millionaires just with their SCHW shares alone.

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Post ID: @5vso+1eAmEpoa

But who thinks we should be buying at $90??

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Post ID: @4wvy+1eAmEpoa

$89.96 baby. 4 cents away from 90. Definitely giving a collective woohoo!!!!

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Post ID: @4vma+1eAmEpoa

Hit $89 a share today. I love it so. Years of accumulated ESPP, stock options, and RSUs. Lets just get a collective woohoo here.

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Post ID: @3xgq+1eAmEpoa

Wanna bees. Buzzing around their little hives. Zzzzzzzzzzzzz.

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Post ID: @2vud+1eAmEpoa

100% confidence in Tim modernizing Schwab to the cloud. I mean look at his track record of delivery.

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Post ID: @2trg+1eAmEpoa

Dennis isn’t bad, he just doesn’t realize he’s getting rolled by Tim. I predict Dennis will be out by the EOY and Tim will finally have complete control of STS to shutdown all DC’s and fully modernized Schwab by moving 100% to the cloud.

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Post ID: @2ngc+1eAmEpoa

who wants to be on a ship captained by Tim Heier and first mate Dennis "Gilligan" Howard.

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Post ID: @2xgy+1eAmEpoa

There is no green left to integrate. Smart people do not tolerate working with mediocrity, especially in this job market.

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Post ID: @2vcg+1eAmEpoa

Green employees have and will always be wanna bees. They wish they were not acquired. They wish they were as good as Blue counterparts. But in the end they will never be accepted. They are just bees working in a hive that is not theirs.

Why?

Because. They are wanna bees.

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Post ID: @2ktu+1eAmEpoa

No chance of any blend, should have been clear sometime ago. That ship has sailed.
The unfortunate thing is even if all are considered blue many still refer to green employees as somehow not full fledged employees. This is probably protecting turf, seeing green as acquired, or envisioning that many greens will eventually be terminated.

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Post ID: @2ehg+1eAmEpoa

It’s doubtful. I have no idea why anyone would expect a something different than 2021. Teal would imply Blue adopts something from Green culture. The narrative has been that Green will assimilate to the Blue culture, processes, and benefits/comp. People who didn’t care for it left or are on the way out the door. Look no further than the mass exodus of Green leadership, especially in STS.

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Post ID: @1gjl+1eAmEpoa

My guess is that it’ll be a darker blue, bloated Schwab and inertia will make sure that nothing changes….ever

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Post ID: @1fvv+1eAmEpoa

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