Thought you all would like this one
I am actively wondering why I still work here. Add this together with all the new extremely high paid senior managers and it’s a definite boondoggle for the few well connected. All the rest of the peasants can pound sand.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/wells-fargo-s-scharf-unseats-jamie-dimon-as-highest-paid-us-bank-ceo-in-2019-59801398
You should be buying WFC here because he's going to do wtfit to get the stock up.
Oh qaw you are so cute. LOL
You do not have to pay the CEO more than all the other banks. And you most certainly do not have to create a bunch of multimillion dollar fake jobs. You can just replace existing roles, and you can just pay a similarly to the top performing bank.
You really think it’s so hard on the CEO to cut people he doesn’t know and doesn’t care about? Please
You have obviously never heard of D&O insurance. The most Scharf would ever be personally liable for is to pay back his own compensation. Has anyone in former management gone to jail for anything? It’s always amusing when people still seem to believe that the system isn’t totally rigged to protect the very rich few.
Ugh, a) when you are going to have to lay off 50,000 people and do many things that people do not like in order to save the ship, you have to pay the CEO and b) when you could end up potentially being personally sued by the government as the CEO of a dumpster fire of a bank, you have to pay the CEO.
remember, NO ONE wanted the CEO job. we go who we got.
Same for our CISO... NO ONE wanted that job either. we go who we got.
@fes is spot on
The $10B Scharf intends to cut from expenses will go to buy backs or dividends, making shareholders happy and increasing the value of his compensation.
@tjg that’s why he will laid off people to raise the price up.
but look how much of his comp. is in the form of that s*itty stock