Since Charlie Scharf assumed command of Wells Fargo, the company has deteriorated both from a macro and micro perspective. He has laid off staff, the stock has collapsed, and he lacks leadership skills and clients have suffered. Therefore, at the next townhall meeting, a vote will be taken and Charlie should be asked to leave. Then, the firm should be broken up into separate parts and sold. Enough is enough.
15 replies (most recent on top)
I can't wait to retire in 2 months! The environment is horriffic!!!@OP
Charlie is the Chief Physocpath. That's all.
Charlie calling Wells Fargo a firm is akin to the McDonalds CEO calling their new sandwich a “product.” No one wants inauthenticity!
@OP it s up to the shareholders if they want him gone, not a group of disgruntled low level employees. Also if the shareholders want the company/firm broken up and sold off it will happen. If they don’t then it won’t happen. Pretty simple.
@OP Who she replace him? If you remember back when Chuckie took the job he was the only person willing to take it on. He did not come here to make friends, he came here to fix the disaster Stumpf, Sloan and Tolstedt left.
Since Final Trump assumed command of the White House, the country has deteriorated both from a macro and micro perspective. He has laid off staff, the stock market has collapsed, and he lacks leadership skills and American people have suffered.
Correction: stock WAS up. Now it's not, once inflation is taken into account. In 2018 it went over $65/share. With massive buybacks to boost demand and inflation we're now at $75. That's not really up. It's all a mirage.
Wen I was hired, it was called a bank.
@ax Well it is a company, also synonymous with firm
Still think it's a 'firm', eh?
Cute when people try to pretend they're beyond where and what they truly are in life.
@OP
Quit smoking geef by yourself. You have no control.
What planet are you on? The macro actually looks very good. No asset cap, no consent orders, stock is up, HC is down. Time to grow.
You're looking at the micro level where the concern is about your friends getting laid off and increasing your workload.
Not defending him but the stock price didn't collapse since he took the reigns. I believe it was trading around $30-$40.. it's now hovering around $75.
YES! But his line of succession is pretty scary!
@OP but with his salary, if he's without a job, he won't be able to pay his bills, electric, water, etc. Lol