What??? A Town Hall finally in October?? Not that he will have much to say and will probably “uh” and “ah” through the entire thing! I also doubt the audience in Minneapolis will ask any decent questions- if they even have time. The entire fireside chat will be so scripted it won’t even be funny.
19 replies (most recent on top)
Hope he's been attending his local Toastmasters recently.
Charlie will retire and Dr Brent will be his successor
His big announcement will be they are introducing a new credit card that he thinks is the best thing since sliced break even though the other top companies have had for years. Or pi-ping out the Fargo app, that again others have had for years.
NEW YORK—Laying out several new initiatives and detailed plans for implementing them in the upcoming weeks and months, Wells Fargo CEO Charles Scharf revealed to his staffers Thursday that he has some really big ideas for growing the company’s problems, sources reported. “I was initially skeptical of any aggressive growth strategy given the current size of our company’s problems, but after hearing Adam outline his proposals, I’m now completely confident that we can double the size of our problems over the next quarter,” said Wells employee Michael Shimek, noting that the CEO’s plan included changes that would create more issues across every department and significantly increase the number of difficulties and setbacks by the end of the year. “He certainly doesn’t have a traditional approach, but you can’t expect the kind of rapid, eye-catching deterioration of a company’s image and market value without taking a few risks along the way. It’s impressive to see someone with the ambition to maintain old problems the company already had while still finding a way to produce new complications. He’s really thinking big.” Shimek added that he was astonished by the CEO’s vow to dramatically expand problems without sacrificing employees’ terrible work-life balance.
"I also doubt the audience in Minneapolis will ask any decent questions"..
Probably not. For me, I would have to take time away from the job, drive down there, pay for parking, listen to a nothing burger, and drive back to my assigned location. I think not.
makes sense especially since he didn't do a townhall after the last earnings and has been silent until now. could be something but we may all be disappointed in the end.
Timing very interesting. He normally does town halls a few weeks after earnings. This one is 1 week before earnings release. Has to be something big. So they get it out to the employees now. Then can speak about it to the analysts in the earnings call.
Am at Hudson today and all the talk is that Charlie is going to retire.
That email must have made the 1 or 2 of you that are endlessly obsessed with WF executives very happy!
@qbe+1oHx63Uy lol no it does not
@lhg I see this more as "Saul's here to deliver bad news and I'm here to smile and make sure he does it right."
@qbe+1oHx63Uy And how does it do that?
CEO is MIA for months and now he has to bring in SVB to lead and field the questions.
Confirms that 10/3 is going to be a big cut.
"We're all very excited and I know all of you will be too: 100% stateside automation with support from our offshore teams. You can all collect your last paycheck on Friday" Hearty laughs and claps from his team of sycophants
"Yay us!"
Charlie needs a special musical guest and maybe a juggler to spice the joint up. That’ll get the keisters in the seats. Run it like the old MDA Telethons. Maybe people could call in and make donations for us all to get raises. We could be “Charlie’s Kids”.😂
So he "finally" does some innocuous PR and you still bi--h about it?
I usually get so annoyed with the lack of substance in his town halls that i have to click out of them before they end. It's like watching a politician speak who has no one to hold him accountable. He says NOTHING of substance. It's infuriating. I don't remember feeling this way about our other CEOs.
Friendly audience in a friendly venue. Just fluff. All optics and no substance. “Charlie will be joined by Saul Van Beurden, who will give an overview of CSBB’s go-forward strategy,” whatever that means.😂