Where is your leadership and commitment? Do you have a clear long term strategy for WFC? Why do you think the asset cap since 2018 ( you’ve been the CEO since 10/2019) has not been lifted and will likely not in the near future? You can’t even be a good CEO during normal years, how can you “lead” WFC without a clear long term strategy during crisis ? WFC has historically been America’s Main Street bank and that’s what defined our identity and success. But you want to change it to a JPM lightweight. You are managing only the short term bottom line by headcount (cutting jobs and offshoring to India and the Philippines) and telling small customers to leave the bank so bigger customers meeting high hurdle rates can replace the smaller ones (since the bank can’t grow under it’s the asset cap.) All these are shortsighted fixes and without a long term strategy.
As a long time employee, I ‘d like to hear, for once, a clearly defined goals and strategies and action plans from you, not to mention something that all leaders in crisis do, rallying the employees, so that WFC can truly be a first class bank again.
Hi Board members, you need to do your job, remember you don’t get paid hundreds of thousands a year for nothing, you are tasked of oversight responsibilities, you may be liable for lawsuits if you are grossly negligent!