I wonder what Charlie and the BOD would NOT be willing to do to get the stock price up?

Offshoring American jobs thus selling out their own country, forcing out underpaid employees while paying themselves handsomely, investor protection violations, consumer protection violations, wage and hour violations, benefit plan administrator violations, price-fixing, discriminatory practices, fraud, buying their way out of trouble, brazenly approving a $30 Billion Company Stock Buyback while failing to meet legal and regulatory requirements…..

Where do they draw the line? Is there a line?

These overpaid Men-Children apparently do not understand they will continue to fail if they only focus on financial performance to the exclusion of their moral impact on people and communities.

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Fun part is, they can't control it. Look at a 5 year chart. We're basically flat, in spite of a massive drop in the buying power of the dollar and many billions spent on stock buy backs. This is another way of saying that the stock is going down. They can't stop it. All they can do is slow it temporarily by sacrificing the company's future (which could be secured with all the money they waste on buy backs, but won't because they don't care).

CS and senior leadership would do anything to get the stock price up, except for losing themselves money that's where they draw the line. Anything else including offshoring 90% of the US based jobs, reducing benefits, making this a nightmare place to work so you leave and they don't have to pay severance.
I just hope I get laid off soon, can't wait to say goodbye but not until I get paid, I'll play this game of chicken and we'll see who blinks first.

Don’t worry, OP. Stock is already headed south after 4th quarter results. I dont know why any investor would ever put money in to WFC.

Yes, this is capitalism.

Charlie & Co. are really in a no-lose situation. Just like Stumpf before him, regardless of the lives he hurts and regardless of the condition he leaves WF, he’ll spend the rest of his life in opulent luxury.

Oh sure…The bad press may b-m him out a bit. But he’ll just fold up his copy of the WSJ, signal to one of his housekeepers to come freshen up his coffee, and he’ll be just fine.

Wells Fargo is bloated with too many employees compared to its competitors. Wells Fargo has more employees than Bank of America and with far less revenue (data right off Wikipedia). CEO must look to improve efficiencies.

bitter much?

Thread regarding Wells Fargo & Co. layoffs

I wonder what Charlie and the BOD would NOT be willing to do to get the stock price up?

7 replies (most recent on top)

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