Walt working from home in Ohio managing interest rate risk like a boss.
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This is the problem with the company — zero accountability from the C-Suite. I recall joining one of Peter Crawford’s “all is well” meetings where he got super defensive when some of the more astute employees started asking hardball questions.
We'll find out what they all paid themselves in March -- "win-win monetization" -- how about Rick's statement that they expect Schwab to be digitized and as seamless of an experience as using Amazon or door dash ... then had no clue how to answer the AI question b/c he's just not smart. Except for my team, it will be voting the downline of 1s on the Glint survey.
BofA has a $54 PT on $SCHW
GOING DOWN SC-MBAGS!
Robot Rick is probably laughing at one of Walt’s jokes about blaming their poor management skills on the feds again
Don’t worry…Walt doesn’t care about the day to day stock price. And Rick agrees with everything he says.
Why are we not seeing any exec heads rolling? 2023 was so abysmal it’s almost comical. Yet all we heard were excuses and complaints about the Fed and other paper tigers.
Sh-t, I should have used Schwabbie instead of employee.
Yeah, they aren't forgoing their bonus but they will distribute their stock options amongst the "hard-working, dedicated employees whose devotion to this firm deserves the warmest, appreciative thank you" which will allow them to pocket the money without having their options compensation expire worthless or take a long time to gain value.
No wonder why they wanted to give us worthless stock options lol
Yup, best management of any company. Nothing to see here.