https://www.salemreporter.com/2025/06/25/salem-keizer-school-board-to-vote-on-buying-salem-wells-fargo-corporate-center/
5 replies (most recent on top)
Funny how the justifications never ever apply to executives. It's only the downtrodden huddled masses that are good for a tax break or "efficiency". I'm sure the sq ft cost and employee cost in Salem is about the same as NYC. Right? 😐
Cool, now do Hudson Yards. Think of the write off!
it's called a sunk cost. they have offloaded plenty of building the last few years,many of which for pennies on the dollar. it's about getting it off the books then taking a write-off on any losses. we make billions a quarter, loosing a billion on some real estate isn't going to make a difference.
I wonder how much $ WF has invested in this building.
Yep, no reason not to hold on for the severance now. Everyone already knew, but there's absolute certainty now on everything but the final date. God speed Salem folks, you'll be remembered. I hope your next employer appreciates you!