Is there really no other way to improve the bottom line? What kind of incompetent leadership is running this place?
9 replies (most recent on top)
Somebody please send in the regulators WF is a criminal organization led by a group of racists in NYC
@a1 What regulators? Trump gutted it. Until some major event or scandal erupts, which is only a matter of time, they'll just keep piling on the risk while the regulators are out to pasture. Otherwise, it's going to be a minimum of three and a half years before regulators have the bandwidth to take any real interest.
It’s the same incompetent leadership, who will get an additional $30 million bonus for getting the asset cap lifted while good employees were the ones who actually did all the hard work, and in return all the hard-working employees got was put out of a job! The best thing I’ve heard so far is that many people I know who have millions of dollars at Wells Fargo across the United States, were so angry that so many good people were laid off, They went to Wells Fargo and withdrew all their money —millions and millions of dollars, and put it in another bank. Maybe someday Wells Fargo will learn how to treat employees fairly and properly ….somehow I doubt it. It’s all about the CEOs and senior leadership team getting richer and richer at the expense of the hard-working staff.
Carlie Scharf has no talent. End of story.
It’s complicated 💔
the only other option is to slow the growth of executive compensation. a snowball in miami has better odds...
Layoffs are basically a form of balance sheet manipulation to inflate the stock price of a company. “Lean a Mean” somehow is worth more to Wall Street than “Competent and Staffed” when it comes to business viability and shareholder value. Completely bizarre that by shedding the people who do the work (which creates future operational and regulatory risk) that investors see dollar signs instead of red flags.
it's less about saving a buck and more about shareholder value.
At some point, the risk being introduced is massive. All to save a buck. I hope the regulators come to their senses and realize what is actually being done to this company.