Thread regarding Wells Fargo & Co. layoffs

@xzs+1mfTfXcz

I challenge anyone point out one thing Charlie has done to add any appreciable value to the long-term stability or growth of WF.

It almost seems like his mission is to chip away at anything that was working and earning $ until there's nothing left.

As I've said for a while now, it's a hostile take-over from within.

Post ID: @xzs+1mfTfXcz

Yes, I do. Something doesn’t add up. Charlie and the BOD’s actions are obtuse at best, and potentially greed-based at worst. No different than our prior C-Suites, who publicly posted unrealistic cross-sell numbers for years and lined their pockets while being praised for their fraudulent successes. Wolves disguised in Brooks Brothers suits.

Why are we still under the Federal Asset Cap more than 5 years later?? Why have we squandered $65 Billion during that same 5 years on company stock buybacks? A logical conclusion would be that our CEO has less interest in building the bank’s long-term health and stability, and more interest in triggering his stock options.

Sometimes exploitative people join an organization or a particular industry to “hide in plain sight”. They intentionally use public perception or their privilege to pull the wool over our eyes. They often seek a target-rich environment. Bernie Madoff is an excellent example.

What better bank to join, if you are self- indulgent and close to the end of your career, than Wells Fargo? It has already been proven that we have ineffective oversight and controls, we have an established pattern of unlawful behavior, we are too big to manage and are considered too big to fail. The returns for the ill- intentioned are extravagant and there is little to no risk.

Charlie should have been fired when Warren noped out.

Warren Buffett sold his considerable WFC position once Charlie came on board - Buffett liked that WFC was not a Wall Street-based bank with wild swings. A main street customer focused bank was successful

@xzs+1mfTfXcz

This would be akin to a lot of theories that Vince Russo was sent to WCW by Vince McMahon to intentionally ruin them.

does anyone wonder if the intentional downfall is by design? they all came from JPM, they want to be JPM, maybe to later have WF sold to pieces or scooped up by JPM. Just a thought.

I'll make it even simpler. He can have RTO/location strategy or he can have a functional bank in the future. Both isn't an option.

The history books are filled with former Fortune 500 companies who took their customers for granted. Charlie is too company-focused rather than customer-focused. Rather than thinking of how to improve our customer experience, Charlie is focused more on strategies to help maximize returns and line his own pockets.

don’t agee with #1 but do the rest

Everybody need to be able to enjoy they Orange Fanta and fiesta chicken tenders. Periodt.

That's what you get with someone hired on connections throughout their life vs proven competence.

Charlie is a one trick pony. It is how he got the name Chainsaw Charlie.

It isn't hard to find BoNY and VISA employees who still talk about his incompetence.

Ah it’s paragraphs and bullet points guy who upvotes his own posts and also replies to them

Charlie living in yo head rent free

This is the best post. Should be framed on every employee desk. I have sent to everyone I know. Charlie is incapable of being a CEO and competing against anyone. He has taken our company down in flames. I doubt anyone of wealth will do any business with all the criminals in the c suite. Heard the media is scoping out a story about age and tenure in their lay off pools. Who gets rid of 30 plus year employees?????? chainsaw Charlie!!!!!!!!!

Well said. Charlie has no clue what he wants to do except he wants to look more like Goldman and JPM and Morgan Stanley, whom he idolizes.

Dismissively and arrogantly axing large and long time pillars of the enterprise shows how clueless he is.