Are executives of this company really that stupid? Offshoring critical knowledge of the bank is not a smart decision, and in fact anti-American. You can see this from a mile away, does not look good.
https://m.economictimes.com/news/defence/india-russia-prepare-to-sign-military-logistics-pact-soon/articleshow/111194981.cms
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Considering the white house has a "Pact" with the Tallyban and sends them $40M in cash every single month, I'm not sure we have room to talk. That money is going direct to te------t organizations.
I’m going to write my senator about this
India signed a pact with Iran about a month ago, so clearly doing any business in India is a huge risk. Not to mention tons of fraud farms are set up in India with the sole purpose of scamming Americans. Hopefully sanctions against India is coming and these greedy execs get caught with their hands in the cookie jar.
Hudson Yards is detached, but it's mainly because they don't care what's happening in the trenches. They presume it's irrelevant because their plan is to eliminate the domestic workforce. Whatever you're doing now, WF won't be doing domestically/internally for long, so why should they bother to know the details?
You clearly know nothing. NEWSFLASH: Wells Fargo is the ONLY BANK OPERATING UNDER AN ASSET CAP….EVER!! Any washed up dweeb of a CEO would increase a company’s risk appetite when the bank has yet to remedy the issue that plagues every article.
In other news, it seems the Stagecoaches CEO has a doppelgänger. Except for it being an out of control stagecoach, there are planes falling out of the sky because of failing to do what is right for our customers, communities, and employees. CAN SOMEONE TELL ME HOW? The bank is clearly laying off USA workers, and sending the jobs overseas ignoring the various risks associated with these decisions. IS THERE EVEN A WELLS FARGO BANK BRANCH IN NDIA?
Leadership has failed at wells fargo. They are out of touch, greed driven snobs that don’t understand the value of a dollar. Speaking of dollars, all this inflation is really hurting the regular folk. Why is the Shart receiving all these multi-million dollar raises when the bank continues to be a habitual offender has been fined BILLIONS ON THE SHART’s watch!
The fact is the senior leadership is so disconnected with what is actually going on at WF. They have zero clue, nor care to have a clue as long as those seven-figures salaries continue to be paid out.
The Shart is not worth the money at all! An AI CEO IS THE WAY TO GO! Much cheaper, transparent, and provides real-time metrics. If you truly want to do more with less, get rid of these crazy c-suite salaries and promote from within. This means both females AND males, they/them and such. Offshoring in today’s day is just d-mb. Especially when mass cheating is going on in India (NEET, NTA, Gov’t bribes for degrees and many more). At the end of the day, offshoring is allowing Mr.Poopfart to line his pockets with the short term profits. Poohfart stinks and has a bad track record. I look forward to the day seeing the clawback from all the wrongdoings on poopfarts watch!
Enjoy the bumpkins while they last, the current strategy is a failure before it even started. Zero innovation, encouraged to take lateral promotions(, if thats even a thing. Bannish thia greedy baby-boomer. Does anyone remember the days of pensions, expense accounts, and actually traveling to conferences? Oh, that’s right. The baby booming leadership phased those out to line their own pockets. Thanks for that too. WAKE UP REGULATORs! MOUNT UP!
All empires are created of blood and fire. Can you stop?. Putin is in 70+, Biden is in 80+, Trump in 70+, Modi is in 70+ and Xi Jinping in 70+. All these folks plan to destroy this earth before they go to grave .
Finally! Folx believe BRICS is real. And Microsoft's CEO is another actor who is driven by greed.
They will carefully time pulling the ejection handle at the peak of over-inflated share price, just before it completely craters due to systemic chaos resulting from their actions. They will watch the plane explode above, as they parachute to safety. The trick is to avoid getting hit by the falling debris.
WFC has a small presence in India compared to other Fortune 500 companies. Not saying it makes it right, just taut you're a fool if you think WFC created this idea.
Just Google maps around the cities that Wells is in, other companies have massive campuses. JPM, Oracle, Cisco, etc
All banks are moving work to India and later to AI. If you feel it is anti-american, then go tell the executives and board members to stop being greedy or it's okay to file for bankruptcy. Same thing is happening now that happened during the past 20 years when executives worked with China and layed off americans. Just look at Apple. Most of their manufacturing is in China (and now in India), but USA consumers keep buying Apple products. Even Americans don't care about AMERICA. It's all talk and no show, else American's would have stopped buying Apple products, but instead they continue to buy them because they are materialistic people who have no control on spending. Therefore, greed will always exist, poor people will always get poorer, the rich will always get rich, and jobs will go wherever it's cheaper to produce products and services. Manufacturing will never come back to USA. The dollar will eventually be taken over by the yuan/renminbi as US accumulates over $33 Trillion in DEBT.
Think about the moral compass of an advisor who brings his clients to W F. Why make your client acquisition more difficult when they know what a troubled firm WF is. The asset cap and consent decrees remain while employees have unionized. I encourage regulators to hold the line and force Charlie Scharf out of a job. They should NEVER remove the asset cap and should encourage the spinoff of the brokerage to JPM while breaking up the bank. Employees should go to more credible firms.
Shortsighted. Happily leaving the mess for someone else.
CEOs figure they won't be around when 💩 hits the fan, so they don't care.
@afj two of those three already do. The third is accomplishing greater financial destruction of America than the other two could have ever hoped for.
Does this pact mean that Russia, India, and China will stand together against USA when the Ukraine or Taiwan turn into WWIII?
The USA is being destroyed. One firm at a time.
Shart won't care. Wells Fargo doesn't care about their customers or employees so makes sense they wouldn't care about America either.
It's more like executives don't care. They are blinded by money greed.