What will you do while still employed here if they announced that they will sell Wells off?
How comforting that will be to not have a job and especially to the older workers who aren't old enough to retire to be turned down at other firms because of age?
Yay! We're all hoping for this to happen so we can eventually join another firm and b–ch about that one.
15 replies (most recent on top)
Uh yeah it’s a “SIFI”, not a “siffy”. Now go an open some new unrequested accounts will ya?
To me, the people who go on and on defending Wells Fargo and Charlie sound like the same kind of people who still support Keith Raniere of NXIVM, even after he was sentenced to 120 years in prison for 7 felonies. Blaming the victims. Cold. Don’t have all the information, or choose not to see all the information. I don’t think you are not really that out-of-touch-with-reality, but that is how you come across. A little too emotional, too defiant, too blinded.
You’re fighting daily for a CEO and a company who doesn’t give two hoots about you. Why? Do you think you are helping? Are you worried that the 50 people on Lay-off.com who aren’t rooting for Charlie or Wells Fargo are going to take the company down?
You may not recognize it, but I think you enjoy being sanctimonious. And you enjoy bullying people who are vulnerable. And I think we might have a few employee trolls on both sides who enjoy stirring it up.
You are actually harming Wells Fargo by feeding the conflict. Don’t worry about how mature or immature other people sound. If you are that all -knowing and above it all, take responsibility for yourself and let others be.
Believe me, Charlie Scharf does not need anyone speaking up for him, and he could care less about his detractors.
Like a single hail dent on a triple trailer semi.
@ @1dnh+17VOMu2Z; No
With all the energy put into fixing MRAs etc are we making a dent?
I don't hope they go under. I hope they hire knowledgeable people and get rid of all the entitled dead weight
@qtk+17VOMu2Z "The fact is, the more employees you have, oversight becomes a big challenge, especially in banking when you are being screamed at in one ear by the OCC and in the other ear by your investors. The leadership structure is not ideal"
Welcome to megacorporate banking. Don't like your leadership position in it? You can leave as well.
Wells Fargo failing would be bad for the country’s economic system.
But breaking the bank up by slowly selling off segments to other better-managed financial institutions would not be bad for the country. It would be a smart way to get a consistent bad-actor out of the banking system. Is anyone going to advertise that is the plan? No.
I don’t have strong feelings one way or the other, but I think one has to question why our CEO and our CFO couldn’t/wouldn’t answer questions about strategy and progress at the 3rd quarter earnings call.
Very little communication about the future of Wells Fargo from the new CEO. No one is even attempting to rally or inspire the troops.
Sometimes it’s not what people say, it’s what they are not saying.
stock shorter alert
No one would or should want WF to fail. It needs some deep cleaning for sure. And those who have failed the majority of its employees and customers will ultimately get their punishment. But the failure of this business would not be in the best interest of the country.
WF comms is working overtime this weekend. I count at least two primary posts and several other sub-posts. How do they expect to cut expenses if people have to work overtime on the weekend?
Wells is not going to fail or be sold. Can’t believe how many delusional angry people on here believe/wish that
I just responded to another post with a similar title but my response needs to be duplicated here so you all can read it here:
“ As much as I see some of the valid points made in the post, many things predicted will not, and cannot come true. What Is undeniable: Wells is basically a giant bureaucracy with lots of redundant , confusing policies with inept people enforcing them very religiously , protected by the status of a bank. The problems cannot be gotten rid of by simply doing a lip service to removing some low performers . Ironically, the people who are implementing the stupidity are considered high performers. So while some cutbacks will help in a general sense unless there is a wholesale regime change, the organization cannot be savaged. This is where Charlie comes in - a person with no connection to this org and most of the new people are similar. Some ok, some like me were not doing well elsewhere and this was supposedly a good opportunity. Except that it may not be. The senior newcomers have been asked to ask a basic question to everything that is labeled as ‘required and cannot be removed’: WHY? . The very act of asking this simple questions will stop some shenanigans . So why I think we will be ok as an organization although many of us personally will be impacted : the Bank is a SIFY and plays a fundamental role in many markets. Profitability will return in 2-4 years. If you are in your 40s or early 50, it is worth staying and seeing how this plays out since you have some savings, hopefully and this may work out. If you are in your twenties , look around . If you are in your sixties - sorry, you should retire and enjoy life. Why shorten your life with daily anxiety? Just my two cents. If you agree press the up arrow.”
Sod off. WF has screwed over a lot of people. While some are hoping for WF to fail, most people are realists and can see what is happening. It's a lot like seeing someone who is dying of a terminal disease. It's not that you want them to pass, but irs inevitable. BTW, you are lecturing people on posting, but what are you doing? Maybe instead of running PR for WF, you should get back to your role. Unless, of course, your role is running PR for WF.
IMO, if you are employed at Wells Fargo, and your main activity of the day is constantly wishing the company would fail, then maybe you should submit your resignation and go work somewhere else. Wells has its share of problems and they are trying to make corrections. The fact is, the more employees you have, oversight becomes a big challenge, especially in banking when you are being screamed at in one ear by the OCC and in the other ear by your investors. The leadership structure is not ideal, and the complacencies that were born during the days of First Union have trickled through the merger with Wachovia and now still exist in Wells.