Thread regarding Wells Fargo & Co. layoffs

BoA CEO TAKES 3% PAY CUT WHILE WFC CEO GETS 18% RAISE! So, the BoA CEO TAKES 3% PAYCUT, WHILE #WFC CEO GETS 18% RAISE!

EXTRA EXTRA!! BoA CEO TAKES 3% PAY CUT WHILE WFC CEO GETS 18% RAISE!
So, the BoA CEO TAKES 3% PAYCUT, WHILE #WFC CEO GETS 18% RAISE!

How and why is this possible. What has WF’s CEO done to justify this raise. Seems the senile BOD is doubling down on their false narrative regarding Wells Fargo’s CEO. There is absolutely NO JUSTIFICATION for this raise, or last years either.

The facts are that Schartman has not delivered deserves a “Needs Improvement” rating! His compensation should not be aligned to other banks, because Wells is not like any other bank.

It’s insulting that he was rewarded millions again this year for offshore American jobs, accruing, multi billion dollar fines, and still operating under an asset cap! How can he be rewarded millions of dollars when he has not achieved any milestone Or regulatory obligation, since he has been hired!

These are no longer legacy issues. These issues should have been solved, and the acid should’ve been lifted if the bank truly had an effective CEO. When in fact, it doesn’t. Keep letting the senile BOD drive this false narrative. Shareholders, customers, and anyone affiliated with this bank should be PO’d. This is greed and inequality at its finest.

by Anonymous
| 1181 views | | 6 replies (last February 5, 2024) | Reply
Post ID: @OP+1qUfuDDK
Comment! It's anonymous!

6 replies (most recent on top)

I didn’t understand what you meant in the first sentence of this post title. Thanks for clarifying in the second one.

by Anonymous
| | Reply
Post ID: @1uss+1qUfuDDK

Yeah it’s totally fu---d up. Somebody’s giving me a less than a stellar rating because I had to have a surgery and this fu--ing guy,that fu--ing guy does absolutely nothing to grow this company or get off the asset cap!

Does NOT Meet!

Now, lay me off!

PLEASE!

by Anonymous
| | Reply
Post ID: @1vfq+1qUfuDDK

Shart has not only failed on every level, he's hamstrung the next CEOs efforts for years as well. He deserves a 0% raise, which is what an inconsistently meets rating or a corrective action would get him these days. FHY.

by Anonymous
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Post ID: @1rdn+1qUfuDDK

The market cap is half what it was....and scharf has done nothing. The is still an asset cap. Consent decrees and a union. The firm should be shut down.

by Anonymous
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Post ID: @olf+1qUfuDDK

@hzo+1qUlIkpS

Wow, that is the funniest thing I have ever heard. The stock has gone nowhere! How can you be pleased about these RECENT SHORT TERM GAINS! You straight basic! The company has no strategy. If you’re actually competent enough, do a historical trend analysis on the stock $$$. Bottom line is the company isss stilll operating under an asset cap(years going) and is restricted to grow because of failures in leadership.

How about you look at the stock price with an end date of Q3 2023. YTD numbers are inflated. Nice try at the attempt on controlling the narrative.

The Schart is unoriginal, and short-sighted vision of stockk buybacks and offshoring American jobs coincided with the overall market being up is actually what finally got #WFC price above 50, IMO. Sure seems like the company has increased it’s risk appetite, while still being labeled a habitual offender by Reg’s. He has solved nothing that he was hired for. ARE YOU ARE HAPPY ABOUT THE RECENT GAINS WHEN THE ENTIRE MARKET IS UP? I cannot believe someone would even brag about that right now. Clearly it is you that eats po-p for breakfast, and knows NOTHING! Minion!

by Anonymous
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Post ID: @mms+1qUfuDDK

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