#greed

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Why is the “The Firm” embracing Offshoring US Jobs when it has proven to fail. Shortsighted leadership and wimpy BOD FAILS ALL

How much more talent will Wells Fargo lose with their bullying tactics, offshoring US Domestic jobs, while they lack efficient risk management & controls at the same time? How can a CEO talk about being more efficient when his strategy has been proven to be unsustainable and fails (offshoring).

When will the BOD or Shareholders wakeup! You should be pi---d. The CEO is only positioning the company for “short term gains”, if any. Offshoring jobs for cheap labor is a way to make the balance sheet look good over the short term. Meanwhile the cracks have begun to appear. The CEO will leave this company worse than it ever was.

His offer letter provides him a golden parachute after 5 years in his role. Do you think it is a coincidence that the “assets cap not being removed until maybe 2025” was leaked? Clearly, This leak is to drive a narrative for the CEO who will leave next year per the terms of his offer letter, and the asset cap will remain over the company.

The guy has accomplished nothing but more fines and lying to shareholders and customers. Someone with that authority do something! He is creating more risk, the cracks are beginning to appear and affect our customers. The stock price has been the worst under this CEO.

WAKE UP PEAOPLE!! Hiring offshore does not make the company more efficient! It does the opposite, and creates risk! Offshoring also does nothing for the US economy. All those shops and restaurants that want employees to fully return to office don’t understand that it will not happen. Just look at all the building consolidations. That shows that the Strategy is not about collaboration, or better together, or any of that. IT IS ABOUT REDUCING COSTS BY FIRIBG US EMPLOYEES AND HIRING CHEAP, UNQUALIFIED LABOR TO DRIVE THE NARRATIVE THAT “THE FIRM” IS MORE EFFICIENT.

All the Shartman is really doing is making sure it looks like he cut costs, and reduced headcount while he approaches the end of his 5 year agreement stated in the CEO’s offer letter. He will then leave, and the conpany will continue to crumble from the severe harm and toxic workplace created by this chump. Someone standup! All the red flags are there. Wells Fargo is now the company to pay the highest amount of fines ever. BILLIONS OF MONIES that could have gone to investments, employees, and shareholders because of CURRENT LEADERSHIPS FAILURES.

Here is an inside look at how offshore is working out at “THE FIRM”.

https://www.cnbc.com/2023/08/14/employees-in-asia-are-spending-the-most-time-looking-busy-at-work.html

WE NEEE A BOARD AND LEASDERSHIP THAT UNDERSTAND THE BENEFITS AND EFFICIENCIES BY UTILIZING TECHNOLOGY WITH QUALIFIED EMPLOYEES. THAT IS HOW YOU TRULEY “DO MORE WITH LESS”.

MAYBE SOMEONE SHOULD FORCE THE CURRENT CEO, SENIOR LEADERSHIP, AND THE BOARD OF DIRECTORS TO DO “MORE WITH LESS”.

#WellsFargo
#WFC
#REGULATORY
#HABITUALOFFENDER
#2023
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#Offshore
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#getsteppin
#powercorrupts
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#greed
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#redflags
#stopthemadness
#Schart
#Sharted

If you think layoffs are over, think again. Now that y’all are fit and focused or whatever BS you are being fed, now they are going to sell off parts of the business. Private equity is all about making money, not about the clients or employees. Brian owns a stake of CDK and will stop at nothing for the money. #greed

Skanska Evansville Layoffs

So, I get the business need, I do understand that Skanska has to cut jobs and downsizing needs to happen. What I do not understand is why the executive pay keeps going up while layoffs are happening and people are losing jobs.

And, Skanska is not the only company that has this problem. Look around and you'll find 100s of companies, public or private, that restructure every year. They cut people, lay them off, etc. But you never hear that one of them made a decision to decrease executive pay in order to save jobs.

It just never happens. Many folks will wander why and I think I have an answer. I think that executives have an absolute control of companies and boards are not doing what they are supposed to do which is to oversee what executives are doing. Once you have a situation like this executives can do pretty much whatever they want in order to enrich themselves ---- #greed and #gold.

So much for the layoffs...

Been huge amount of layoffs no warning across the board since late 2015. No notice the regard for employees family. Investors happiness always wins huh..... #greed

It will look like more layoffs because there will be duplication! Yahoo is a second tier company - not even relevant to millennials. It must be nice to spend billions on useless acquisitions while folks are figuring out how they can pay their mortgage and feed their family!! #GREED

It doesn't matter who calls out VZ - the arrogance of the org is too great. The elite could care less as long as Execs line their pockets. It's a company filled with hypocrisy - let's give phones to domestic violence victims, but let's take away phone discounts from employees who built the company, let's give grants to schools - but let's layoff the parents of these kids, let's donate to local charities - of which your laid off employees might need to use due to hardships of being laid off. The vicious cycle of corporate America - they stroke themselves for being philanthropic, but create hardships to many American families with lay-offs - what a paradox! VZ always makes the list of the top 10 US companies that have the greatest layoffs who execs make the most money. #GREED