Thread regarding Charles Schwab Corp. layoffs

Keep in mind all the money in the world can fix people’s legacies. Legacies matter to people with all the money in the world. That pertains to anyone who has been involved in all that has transpired.

Keep in mind that 300 to 1 ratio is only salary. Doesn't even include his enormous stock options and other benefits. Walt has received over $60 million in stock options over the past 6 years if you include everything it's more like 500 to 1

I was never one to complain about RTO as I wanted to focus more on career development and building my skills. I'm still in my 20s and have no family. But now that we've been back for a few months I just can't wrap my head around why they need to babysit us and treat us like children in the office. I sit in my cubicle all day attending remote meetings because nobody I work with is in my state. But what gets me is that I know about 15 folks on my floor that have the exact same experience as me. There's no reason for us to be here. How much time is wasted preparing for work, driving to work, wasting money eating in the cafeteria? I feel less productive and it's not even close. And judging by what everyone else says in my building most feel the same way.

All because they don't know what else to do with the building? It's difficult to justify working for Schwab when most companies just have a better work life balance and treat their employees like adults

Well said everyone. Walt and the rest of the EC will continue to be out of touch with the majority of employees. Before I was laid off I remember seeing a Schwab article about Jonathan Craig taken his kid to college and he showed up as quite the elitist. The rest of the EC are the same, they only care about themselves and think the rest of us are stupid and believe in their propaganda. This used to be a company I was proud to work for and how much it has changed to a toxic workplace in a such a short time.

Don’t forget about the latest boogeyman! “The Media!!!” According to Walt and Jonathan Craig it is been “the media’s” fault for “misinformation.” What is the misinformation you might ask? Checks Notes Oh yeah, accurately reporting clients pulling money out of Schwab Bank. Sorry the media doesn’t parrot your talking points. These executives will look everywhere for someone else to blame except in the mirror.

I think we can find someone to blame the feds for cheaper than $24 mil a year

https://youtu.be/-dCya0vDUSg?si=3TRjMSMLxEAmokFB

Walt would be even worse when answering this question

He actually wants to stay on the board after he installs Robot Rick as CEO so he can leech even more money from this company

Now that would be a corporate update meeting I'd actually attend

I have been around long enough to remember him for years telling us the Fed was keeping rates artificially low so it was their fault we weren't posting the expected profits. Who else remembers the constant "coiled spring" analogy. Then, rates go up and it is again the Fed's fault because they went too fast. ZERO personal accountability for his failures but yep Board of Directors keep those raises, stock and bonuses coming!

73%

Hear hear!

That would require him to think all humans are people. He doesn’t. He thinks rules for thee and none for me as his silver spoon is polished.

We are like the TSA. Bad theater. Clueless authoritarians. Little purpose. The only difference is our agents make millions a year.

Will never happen

It's funny how in those meetings they say that the interest rates rising hurt the firm and how they were caught off guard

What they fail to remind us is that they actually were planning on interest rates rising and had positioned the firm to make a lot of money

They couldn't even get something they were expecting right.