Glad to see that some BODs do their job.
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What? Nike BOD doing their job ? Is that a joke ? Nike, made in china by essentially slave labor can go to he-double-L along with their BOD.
Not to defend Charlie, but seems the only bank that's up over the same timeframe is JPM.
The sorrow and tears will continue.
A good article came out on Bloomberg maybe a week before titled The Man Who Made Nike Uncool by Kim Bhasin and Lily Meier, basically talking about how Donahoe destroyed Nike. Someone needs to reach out to them and ask them to pull some magic again and do one on Charlie.
Asset Cap is not coming down folks. And the regulators are finding more and more problems. This bank is a mess. More pain and misery to come in Q4
The right people on the BOD are too deep in Charlie's pockets to do their jobs honestly.
In the 5 years since Charlie took over, our stock price is down, and when you adjust for inflation, it's down even further. Competing banks don't have that same problem. The Wells board should have already gotten rid of him, but they haven't. It's good to be paid off...