It doesn't matter that you're the only one on your team at your location or that your team is spread out over 10 locations. What matters is seeing people in the office and water cooler conversations with people you don't know.
Please remember this as your spend 15 hours per week in your car and have to spend more time away from your family. Seeing people in the office is more important even if you don't work with them
Hopefully this settles the matter.
"I'm going back to my home office" ~ Walt
@1kpo+1qIB7hqk so we can talk about them on half a dozen workplace gossip sites?
WHY does anyone even listen or attend these meetings ?
“What matters is seeing people in the office and water cooler conversations with people you don't know.”. People are in MS Teams meetings. All. day. Long. All. The. Time. Dev Wednesday was the only day to get work actually done. People have to eat while in MS Teams meetings. Where’s this magic water cooler and how to we find time to hang out with strangers?
Does Walt actually work in a private office? Lol
Walt was and is wrong. Schwab's best days are definitely behind us.
And if Walt isn’t reading all of these comments and digesting the disgust and lack of respect that he, that all of management, is receiving from their employees, then their heads are buried way too far in the sand to do any of us any good!
CNBC… wanted to discuss RTO. I guess he was furious with his communications team for not telling him the full agenda.
I work in the executive support side and I can tell you Walt and the rest of the EC are absolutely unglued…I've watched intelligent leaders turned into insecure trolls because they doubled down on unsympathetic values in order to prove their points.
If this was defendable, they’d be happy to make their case to us and CNBC. That they aren’t tells you all.
If it wasn’t handled in the most insulting manner possible more of us might have respected them. It wasn’t. It was beyond insulting to us and MDs.
And to add the meager bonus pool, raises for them, lack of genuine opportunity for career growth, toxic managers, consultants used to defuse layoffs of friends and quality peers…
I’m out three months. Others won’t make it that long. Performance is in the cr-pper everywhere.
A real leader would own the mistakes, accept that adjustments are needed, sacrifice their comfort for others and, failing that, make way for someone who can. But we don’t have leaders. And thus the stock is down, bonuses are down, morale is down and in smashing good fashion we will become a brilliant MBA case study.
Walt was asked to go on CNBC a while ago and it was scheduled next week. He declined because they wanted to discuss RTO. I guess he was furious with his communications team for not telling him the full agenda.
I work in the executive support side and I can tell you Walt and the rest of the EC are absolutely unglued about employees being upset about RTO and not conforming to their decisions. I've seen this play out over and over during the past 3 years. I've watched intelligent leaders turned into insecure trolls because they doubled down on unsympathetic values in order to prove their points.
Walt and his team have ruined this company for me.
When will someone ask Walt why he works in a private office in a strip mall instead of going to Richfield? I’ve heard he’s said there’s too much distraction there with people he’s known for years, chatting him up. Yes, Walt. Isn’t it a distraction to have to come into an office and chitchat with people you don’t even work with? And you’d rather find strategic opportunities to meet with people in person? And just get your work done separately, where you’re most productive? Yes, that’s how we feel too.
I had to take a shower after that I felt so dirty. Poor effort by the CEO today. He should just stick to lying outright it's better than trying to convince us all we love RTO and trust our leaders. Yuk
And he's looking forward to some more cash flow so that they can 1) invest in modernization, innovation and employees that will add real value to the company; or 2) do another corporate buy back to artificially boost the price so the EC (the largest individual shareholders) can cash in - yes, they are confidently saying the quiet part out loud.
I’m glad I’m not the only one who was shocked by today. I was there in person and you can tell absolutely nobody believed what Walt was saying. You can also tell he’s become very uncomfortable in these meetings. His comments on more layoffs didn’t exactly inspire confidence
It’s so bad that it makes you think they really just want people to quit. No other explanation for this. Being a Schwab employee in 2024 is like going to daycare for adults. You get no opinions, you’re forced to eat cr-ppy food and have to deal with old people who don’t believe what they are saying.
I had to rewatch that to make sure it was as bad as I thought. My goodness, it couldn't be any more clear how our of touch our leadership are. Walt looks like a zombie ready to retire. They might want to hold off on any more corporate all hands for a while. Silence is better than watching your CEO desperately trying to convince us all how the executive council are doing a great job and how RTO has been so well received
Watching that was like attending an Amway meeting or a cringe born again sermon your mom brought you too
Yikes
Walt having his own office and not being at our headquarters every day is the biggest joke of them all
Senior officers normally are held accountable by the board and fired for incompetence such as buying 20 Year Treasuries when interests rates are rising, mishandling WFH during COVID, RTO debacle and layoffs. Why are Peter and Walt even holding this meeting? They should be fired for what they have done, not providing us all guidance on 2024. Who actually believes in Walt now? He and his EC team have lied to us all countless times on RTO and changed their minds over and over. They can't even manage their own real estate or know how many seats they have at each location. Our building is a disaster area. Ain't nobody happy with this nonsense. I'll gladly take a 20% pay cut to spend more time with my family instead of driving to a filthy office that nobody on my team goes to
Madness
Walt and that meeting were both laughable.
When our CEO was talking about RTO everyone in Denver was laughing at his take. I can't believe they actually thought throwing that out there would be well received. That was brutal. My MS Teams blew up with emojis
Be better Walt. At least give us the courtesy of being honest
Why didn't anyone ask about the increased workload and the stress at work???
My entire team is maxed out and they keep asking us to help other teams that are short staffed. It's getting ridiculous. I was shocked nobody asked about this
Honestly that meeting left me feeling kinda sad and cringe more than upset
I don't know anyone at Schwab who believes in leadership anymore. I don't know anyone who's happy. I don't know anyone who's happy with their organization or their career path here. To me it's just sad because I dedicated so much of my time working and believing in this firm. Now it all just seems like a wasted effort. I wanted to retire here. I wanted to build my 401k and brokerage account here. Not only do I have doubts about my career now I'm not sure I trust the company with my money. I hate feeling like this but I do. Sad
That was the most pathetic all hands I've ever attended. Walt is looking rough. You can tell he doesn't believe what he is saying but is trying hard to convince us all that RTO is something that everyone wants lol
I mean, just tell us what you want. Don't try to convince us all that we like something we all hate with a passion. The man is running this company into the ground. That's bad enough. But don't treat us like children
Schwab needs new leadership. Walt has been looking shaky at best in these meetings. He clearly doesn't want to be here and is just waiting for the agreed upon time to walk away. Then Schwab will be in more trouble with Rick running the show. More layoffs and more roadblocks and more stress. Can't believe how far this firm has fallen
RTO is about two things at Schwab
Walt and Rick and Peter and Lizz Anne all are full of you know what. They are just waiting for stock prices to go back up so they can walk away and leave this disaster that they created for someone else
Too much of the company value tied up in real estate, maybe? Gotta have employees in offices, or those buildings have no value (oh, and also the State loses tax revenue as property values drop). Why don't they just say this?
Lol I came here just to post that or see if anyone was laughing as hard as I
Those preselected snowball questions were rich too
"Hey Walt can you tell us about your experience with RTO?"
"Oh yes. I can't tell you how many conversations I've had over the past few weeks of people thanking me for getting them back to the office and how happy everyone is to be back"
For God's sake they don't really think we're this ignorant do they?
Yea that was ridiculous but expected
They don't even try to come up with good excuses because they have none
We're all driving to the office because they want people to quit. We all know what's up
That was about as pathetic of a corporate update as I've ever heard
My God this company is lead by mo--ns and elitists