Open your eyes people! Charlie is simply downsizing Wells Fargo so that when he takes over as CEO of JP Morgan, he’ll be able to buy the brokerage business for pennies on the dollar. Buying the bank may also be in his sights.
13 replies (most recent on top)
Oh my god. I never thought of that OP. You should be an Oracle, an all knowing. That hypothesis is totally doable.
NOT!
I don't think it needs to be explained how that would ever be allowed to happen.
But thanks for playing.
JPM knows Shart is useless, they don't want or need a talentless hack.
Bwahahahaha!!!!!
The only way that CS replaces JD at JPM if the entire Chase Executive team shared a plane ride and the plane never landed.
Another case of Scharf derangement syndrome
Between WF and JPM, which one is worse?
Speculative delusions.
@toj+1tsvoRsq - Couldn't have said it better !
He’s not a talent. He got a position that no other respectable leader wanted and the board had to drastically overpay for. JPM wont hire him. Wells is just grabbing the B team (C team? Or D team?) from JPM and they are using Wells as their own fiefdom to get bloated pay checks and titles that they couldn’t get elsewhere. It su-ks to be subject to the JPM carpet baggers and their “culture” but hopefully they’ll be gone in the next few years.
CS will never be head of JPM and the feds would never allow JPM to acquire WF
OP---interesting perspective--wouldn't be surprised to see it play out that way
Charlie here. Please do not spread fake news.
Cheers.
Good Insight