I took a job with a regional bank and have not been asked anything by Wells Fargo. Retired 2 years and 5 months ago. RSRs are there and go through 2028.
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@ab can you please elaborate on the details of conversation you had where you were told you had to downgrade ratings for your team? This is culture at wfc that is worth sharing
Facts: Retirees with RSRs receive an annual email asking them to attest to whether they have taken a job in financial services. I'd they reply yes, they forfeit remaining RSRs that have yet to vest.
This is how it works now.
Thanks, I can see if you are let go that they would have no recourse but I retired because they were making me downgrade year end ratings on my team who didn’t deserve it. I’ve not heard or seen anyone get an annual letter verifying if you are working for a financial services institution as spelt out in the RSRs plan documentation.
Yes certainly. I was let go in 2025 after 12 years. 58 years old at the time. Took a job with another bank a few months into severance. RSRs remain.