Thread regarding Wells Fargo & Co. layoffs

Charlie is now earning more than me.

You can business-speak all you want, nobody has to buy it.

Most of you need a formal education in finance, or, alternatively, exit the world of finance because you have no business working for a bank. Facts: Buybacks are a legal tool when there is excess capital. The alternative is a special dividend that has a fleeting impact. CS has a fiduciary duty to shareholders. CS is a shareholder.

Arguing that all companies perform stock buybacks for multiple self-serving reasons isn't exactly disproving the point that stock buybacks are used by executives to manipulate the share price for their own personal gain.

Post ID: @pjz+1nVLnk5y

Are you saying the executives will NOT personally profit from a stock buyback?? Am interested to hear your (canned) response.

Here is a more balanced article from your same source:

https://www.investopedia.com/articles/financial-advisors/121415/stock-buybacks-good-thing-or-not.asp

The truth always prevails.

@mco+1nVLnk5y

Not a canned response. Reality.

https://www.investopedia.com/ask/answers/042015/why-would-company-buyback-its-own-shares.asp

Sounds like someone charged Charlie $7,500 to put a password on his wifi.

I’m not a communist, but Ben and Jerry had the right idea to cap CEO pay as X number of times what the lowest paid worker is.
If you want a raise, pay your lowest worker more. Make it so contracting also counts.
I don’t know that that ‘X’ number is, but it’s sorely needed.

Efficiencies, Offshoring, restructuring, buybacks, selling off businesses our leaders are incapable of managing competently, layoffs, new credit cards are all distractions from the core problem of Wells Fargo. We can’t make the money we need to make without exploiting our customers. Thus the Federal Asset Cap of nearly 6 years

We could “position ourselves for the future” by leading from the top with honesty, integrity, and transparency. Until Charlie rebuilds trust with our customers, our employees and regulators - we are going to have to continue operating under an asset cap which prevents growth.

The CEO that embraces VDI and WFH and shuts down most of our admin buildings will be worth twice as much as a true innovator and efficiency champ. We can destroy JPM, BoA, Citi etc. via efficiency. All we have to do is choose not to be stupid, while the rest of them continue with outdated policies. We could steal ALL the best talent from our rivals, and pay them slightly less that the going rate in exchange for WFH, which by itself saves the company a ton of money. This is how we position ourselves for the future. Or we could fail, there's that option too.

Corporate profits are high, and the stock market is booming. Yet most Americans are not sharing in the recovery. While the top 0.1% of income recipients—which include most of the highest-ranking corporate executives—reap almost all the income gains, good jobs keep disappearing, and new employment opportunities tend to be insecure and underpaid. Corporate profitability is not translating into widespread economic prosperity.

The allocation of corporate profits to stock buybacks deserves much of the blame.

The buyback wave has gotten so big, in fact, that even shareholders—the presumed beneficiaries of all this corporate largesse—are getting worried. “Too many companies have cut capital expenditure to boost dividends and increase share buybacks.”

Why are such massive resources being devoted to stock Stock-based instruments make up the majority of their pay, and in the short term buybacks drive up stock prices. By increasing the demand for a company’s shares, open-market buybacks automatically lift its stock price, even if only temporarily, and can enable the company to hit quarterly earnings per share (EPS) targets.

As a result, the very people we rely on to make investments in the productive capabilities that will increase our shared prosperity are instead devoting most of their companies’ profits to uses that will increase their own prosperity—with unsurprising results. Even when adjusted for inflation, the compensation of top U.S. executives has doubled or tripled since the first half of the 1990s, when it was already widely viewed as excessive. Meanwhile, overall U.S. economic performance has faltered.

this sickens me..... I get a CEO receives a lot of perks, tho Charlie could be a better leader with easing up on the RTO and approving higher merit increases IMO

OP,
and your point is.....?

Post ID: @xss+1nVLnk5y

Canned inaccurate corporate response.

All corporations use stock as executive compensation. It is designed to tie the compensation to the performance of the corporation.

Stock buybacks are a tool used by corporations with excess capital.