An email came out today about the Wells Fargo & Company Annual meeting and voting. Pay attention. Some of the things they want us to vote for should probably be votes against and vice versa. This matters because if people don't act, the same cr-p will continue and we'll be in the status quo fussing about how horrible WF is.
17 replies (most recent on top)
Larry Fink's recent rant on retirement puts the Board's recommendations in a new light.
While I agree that everyone should vote, I also agree that the large investment firms have the real influence. Also make sure you read the documents that are linked in the email. Especially where it talks about executive compensation. Will make you want to pu-e.
Vote no to Charlie’s Bird face getting 29 million. He is a horrible leader.
your vote matters. we are all shareholders through our 401k company match, plus we have a front row seat to what goes on daily. use it.
Who still has stock (ergo voting rights) in this dump?
Of course the Board is recommending to vote against any shareholder proposal. Especially if we are proposing anything related to oversight of our banking activities.
Voting for:
Shareholder Proposal - Annual Report on Congruency of Political Spending and Corporate Values.
Shareholder Proposal - Transparency in Lobbying Annual Report.
Voted the opposite too. Probably won't matter but I feel better.
Nothing will change unless GovCo Inc gets involved with another consent order and Chief Charlie's buddies show him the door to cover their own Butt$
Voted the opposite as well. 😆
“Embrace Candor” but Against Transparency. Ha. Vote opposite of the Board Recommendations.
Basically voted the opposite of the Board recommendations. They are completely against transparency. Absolute disgrace all of them
The last comment is correct. I don't think a vote matters anymore
Yes, vote, but know that you have little influence as the majority of shares are held by large investment firms, such as Black Rock, who vote for ESG.
What you can do is try to invest in indexes and mutual funds where the fund managers are not voting for ESG. Contact your state representatives to address concern where investments firms and fund managers are given the voting rights on your money. I think that should be illegal.
your vote matters
Doesn’t matter as the largest share holders ie State Street and Blackrock vote their share for ESG and the outsourcing of American jobs. Modern day capitalism taking a sh-t on normal people.
Agree! Voted thus morning- read the details of each candidate and read the facts of the changes the board is proposing. Agree that you may have a different perspective than the board.
I agree with the OP's sentiment that it is wise to get involved with the WFC voting process. However, because institutions hold so much of the shares and they are going to look out for their own.