Right on the heels of the our health insurance getting more expensive while covering less, and not a word from Ricky on those COLAs he promised us last year.
Is this what winning feels like?
8 replies (most recent on top)
If you start at 2021 (just 5 years ago) given the COLA, you would need to be making 26.8% more just to have the same spending power. Not sure the avg CS employee is even close when it's a constant 2% - 2.5% each year.
Companies love inflation for this reason... it's a way to decrease your pay for doing the same work (and getting better at it due to experience) each year.
What’s up with roles that are being posted as “head of…” but being director level roles instead of MDs? We went to the MD structure because we had too many VPs. Is this a top heavy thing or are the current MDs just all afraid of being replaced? Feels like fake titles and no compensation but can take the fall when the MDs don’t deliver. Strong leadership team Ricky!
The message will always be the same, record quarter/year... but there are headwinds we have to plan for. That's code for here's the reason you aren't getting a share of the profits you created.
If this company really cared they would just say the annual bonus is X% of our profits each year and the distribute that to Directors and lower (to keep the top from the infamous holdbacks).
What I find funny is that Rick is tying us to AI and so we get beat up when AI stock drops (note our stock price, when the float is insanely high right now), however we have very little going on in AI compared to our peers. They are moving much much faster than us.
@bf Third Q&A question of the Q4 '25 Fall Update.
We all saw this coming during the benefits review last year:) don't trust Rickie
www.barrons.com/advisor/articles/charles-schwab-earnings-stock-price-3ffafb64
Artificial intelligence is becoming another strategic priority for Schwab. CEO Rick Wurster said the company is blocking unauthorized third-party AI agents from accessing customer accounts, favoring its own AI assistant, Charley, and approved integrations. Schwab also announced a partnership with Anthropic to provide AI-powered productivity tools to registered investment advisors. The company is positioning AI as a way to improve advisor efficiency and strengthen customer relationships while maintaining control over account access. Overall, Schwab's operating performance remains strong, although investors continue to monitor interest margins and the potential impact of AI-driven financial services on traditional brokerage revenue.
I have heard about the COLA. Can someone tell me where this was said? I would like to ask about it in the next update and use a quote from when he said this. I believe the corporate updates are on the Schweb. Any guidance would be appreciated.
fu-k this raggedy a-s company. they always have money for stock buybacks, M&A’s, and paying rick’s worthless a-s, but they can’t pay the people who are creating all this shareholder value they’re celebrating.