To reduce expense by at least 10 Billion per Wells needs to:
If they can accomplish all this in the next 2 to 3 years, then I think their stock goes up to at least $60 per share and C.S can retire a happy man by 2023.
Can't grow revenue with the asset cap, leaving onshore job cuts as the biggest lever. The other lever is to do less, and subsequently people will still get impacted.
@OP, its not only about cutting costs but increasing revenue. No revenue means no business.
Offshoring jobs will not support new revenue nor lift the consent order. Plus some of the things you are cutting will reduce tax deductions that are far more expensive than what you listed. Seems like another bad plan to destroy the company even further.
Good thing you aren't pulling any levers....
@OP
BS, there are a lot more ways to cut costs without destroying the place. That's quite unimaginative and lazy. Cutting contractors, sell off some of the real estate, make telecommuting permanent, stop leasing buildings, stop buying 12 products that do the same thing.
@OP if you repost it enough maybe it'll come true?
Idk where’s the addition of millions in new executive pay while we’re in this cost consciousness?
@OP+16FNy36A. Not sure why you would repost my comment from another post.