Thread regarding Wells Fargo & Co. layoffs

I don’t know or think it’s common knowledge but Charlie boy was the 3rd pick when he became CEO.

Just a reminder children, we got the Schart b/c no one else wanted the job.

@1iqn+1qGCkYoB

They easily could have found a better CEO, they didn't want one. Shart was brought here for one reason and one reason only, get rid of the domestic workforce. I'm guessing that everyone else they interviewed was actually interested in building a better bank, and that's not what the BOD wanted. Shart first, to fire everyone and shut down 'unwanted' businesses, and then he goes and the real CEO comes in. It's been the plan all along. All that said, they easily could have found someone for less. He has no idea who to fire, all he does is keep pounding the table and telling his directs to fire more more more. That's it. That's what you're getting for $30M/year. But yeah, keep telling me that there's no one in the world that was willing to do that super hard job for that much money. They simply weren't interested enough to look around and took the easy way out, going with a known hatchet man and hack.

you can always vote with your shareholder stock

@1iqn If the BOD had been willing to look outside of the very tiny realm of former big bank CEOs they absolutely could have found someone better. The world's greatest investor advised them to do just that. They didn't.

CFO needs to go!

@1yhc, no we couldn’t find someone to do the job, that’s why he has it. He is the only one that said yes. As for the rest of it, the board seems happy with what is happening. If you feel otherwise you need to go to the meetings and tell them so. The shareholders meeting is coming up, you should attend and express your opinion publicly and not just anonymously on this site.

He has one other task that a monkey can't do, go on TV and not answer questions, in English. That's essentially why he gets paid $30M per year. To yammer on with ummms and ahhhhs and fire people. Dude is a joke. We could definitely find someone to do that job for 1/10th the money.

If the only task for the CEO is to reduce headcount then you can hire a monkey 🙊 to do it for a dozen of bananas. That will save the share holders over 100 million dollars of CEO salary that he has made since 2019.

The fact that the headcount has been reduced and will continue to be reduced is directly due to the CEO.

CS joined WFC in October 2019, 5 year anniversary is coming up. He has failed miserably both inside and outside the bank. I honestly believe his days are numbered.. there is no moving forward with this guy continuing destroying the bank’s business , employee morale and customer trust.

What’s the vision? End game? I really like to know.

Ha...you act like this is some sort of government position.

That will help with layoff list

Who saw he changed his profile picture, he looks even hotter now!

do the company (and everyone who has to work with you) a favor OP and resign.

"I challenge employees and the board to do just that".

That's pretty big of you to issue such a challenge. Where is your name on this challenge? You are leading the charge up the hill correct?

Or are you just another internet blowhard, brave behind the screen, cowardly on the line?