The only way to send a message to the board imo is to vote against all of the 12.board members. It might not make much difference since the employees don’t hold more then 1 percent of the total voting stuck, but at least it will send a message.
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Anyone know how I can find my proxy vote instructions? I'm sure I threw it away.
you get to vote your shares. It is your vote
agreed
Ah! My Proxy showed up today!
hmmmmmm........ hmmmmmmmm....................
Okay, voting with the board down the line. well, with the exception of the 'de-banking' issue.
as a shareholder, I can't wait for my proxy notification to show up! As a former team member, I need to boost my RSR shares in addition to all my other shares!
once the cap comes off, I am gambling things will skyrocket!
Shareholders need to send a clear message. Just because a stock is doing well doesn’t mean I don’t vote against the board. I believe most of our current issues are due to most people being invested in mutual funds or exchange traded funds. The fund company gets to vote in those situation and they almost always vote with management. They don’t hold the boards accountable for anything. That is probably what CEO salaries have grown exponentially compared to the average employee.
The problem is that the disdain held by employees is greatly overshadowed by the momentum in WF stock price recovery; its generally positive momentum in the news.
The firm is sleeping in the same bed with former rivals and it absolutely working.
The worker injustices of unncecessary layoffs (or legally questionable ones via ageism), bad work culture, offshore labor tactics, etc are only something that can be addressed politically. The entire corporate world lacks individuality and creativity in how business is performed, becoming more homogeneous and less clever.
The worker plight is a shared one that needs greater systemic reform. Capitalism in its current state serves the few premium skilled individuals, the wealthy and the powerful. Everyone else is a mediocre taxpaying consumer hooked on the infinite and easy to obtain micro-doses of daily dopamine rushes designed to contain and control.
Back to corporations, leadership today has gone full on beige. We can hot swap managers across multiple companies and departments. Results and accountability are moot. We can promote well connected underlings who rubber stamp everything they are instructed to do by the board. The net result ends up the same.
Sadly if not beige, then we have real problematic disrupters such as Musk. Awful.
Maybe we can attribute beigeness as a biproduct of the first Information Age (the age before AI really digs its heels in). Agile to Virtualization have created the perfect storm to transition work based on context, conversation, design and specialty skills towards the uber effeciency and expected cost reduction of getting work done through tasking everything and trusting more third party services.
As an employee, I harbor no ill will towards WF itself. This doesn't mean WF gets an excuse to be a lemming, it means the source of angst is shared by a number of themes.
Again, only systemic change can alleviate what ails the WF worker.