YTD returns are not great.
Nasdaq 15.81%
S&P 10.49%
WFC -17.76%
I wonder if Charlie should take a pay cut after that $40 million compensation package he received last year. I would imagine his mid-year review will not be great.
11 replies (most recent on top)
Charlie is not Jamie Dimon, not an intellectual and not effective as a leader. The firm is buried in past transgressions and ineffectual advisors who remain despite being at a competitive disadvantage to other better regarded firms. Dump the stock and do what you can to have clients and advisors leave.
"Any ja----s can kick a barn down, but it takes a carpenter to build one."
The whole wells appeal was we had a bunch of employees. It was the big bank resources with the local bank feel. Sure mistakes were made but there were real community ties. Charlie has destroyed that so all you’re left with is a big bank with old tools that’s fired your family and neighbors. Yeah I wanna do business with them!
Where are the two clowns that post up every time WFC goes on a little run, to tell us what a great investment it is? It's a garbage stock, and will always be a garbage stock so long as shart is here. He can fire every American at the company, it's irrelevant if he can't demonstrate the ability to create consistent and significant growth. He can't, and won't. Inflation and the board throwing every available dollar at stock buy backs explains every gain in nominal stock price since Shart came on board. We've fired many tens of thousands of employees during his reign and shut down hundreds of buildings, and the value of our company has gone DOWN. Look at inflation adjusted market cap. The idea that we can cut our way to success is a complete joke and we have 6.5 years of data to prove it. Not that it will stop Shart, he literally doesn't know how to do anything else. To a hammer, everything is a nail.
Cost cutting does not help the stock price. They want to see revenue growth for long term. Eventually you cut and there is nothing left. That is a lever they an pull but it really is not a positive
@OP who gives a flying F about WF stock? Put your 401 K funds in the NA100 and SP500 and become one of the new age millionaires that made this move in April 2024 when the Tariff BS started and have made a fortune with no letup in sight!
You're very welcome!
There would be massive benefits cuts (or cost increases) and zero pay increases or bonuses before anyone in the OC took a pay cut. Get real.
Have you seen the board of directors? I think they are more clueless than CS and his cronies. It's going to take an activist investor to shake things up.
The current group think seems to be AI will somehow compensate for bad management, even though WF technology has always been 3rd rate.
Chuckles is Board Chairman as well as CEO. To think he gets a review is laughable.
I don't understand what you are trying to say? Your numbers look like wf is surpassing.
A CEO get a pay cut. @OP has quite the sense of humor.