Thread regarding Wells Fargo & Co. layoffs

Does the WF CEO deserve a 2+ million dollar raise?

Layoff’s are continuing through April.

What justification does the CEO have for an additional $2+ Million dollars raise? Has anything changed since our AWOL leader joined WF? Is this type of raise similar to other bank CEO’s that operate under an asset cap??…Oh wait, that’s right. WF is the ONLY bank operating under an asset cap!

In other news, x,x-x’s are being laid off, and this turtlehead is being rewarded for changing NOTHING at the bank except more offshoring and layoffs. This goes to show how out of touch and senile these blue hairs are! Maybe if that skidmark actually raised the stonckprice after all these years. Truth is the stonk pricd is worse than ever.

The only thing he has done is increased the company’s fines, scandals, and efficiency ratio. The BOD doesn’t deserve a “inconsistently Meets” rating.

Can someone provide a business justification why thousands of workers are losing their jobs, and this dirty skidmark deserves couple million more dollars for a job he……wait, what does he do again???

Cutting domestic headcount and offshoring is the blue hairs only strategy… Such shortsighted, senile leaders with an empty toolbox! You honestly haven’t fixed jack in all these years! Morale is so low, the CEO won’t even face the troops. Somebody get these BOD a clue, or clean diapers. They are going more senile by the hour!

  • Truth
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| 2211 views | | 16 replies (last March 31, 2023) | Reply
Post ID: @OP+1lR72iWk

16 replies (most recent on top)

Absolutely nobody in this company should be paid over 5million a year. Let alone over 20 million a year. ARE YOu KiDding ? Nobody That is part of the problem with our society today. Enough is enough

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Post ID: @3vqn+1lR72iWk

@1vdx+1lR72iWk

Look hon, I love you, but please stop spamming this comment in every thread on the site. Thanks.

  • everyone
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Post ID: @1sdg+1lR72iWk

He got that extra money by offshoring the company to India. Commercial Banking is laying off and offshoring now.

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Post ID: @1nfe+1lR72iWk

He's not even worth half of what he already steals.

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Post ID: @sdz+1lR72iWk

@jrr+1lR72iWk

Nice job! Funny that the others don't get the sarcasm,

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Post ID: @qbt+1lR72iWk

Inflation.

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Post ID: @own+1lR72iWk

@jrr+1lR72iWk Charlie is that you ?

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Post ID: @dit+1lR72iWk

@vza+1lR72iWk and OP

I got your goat! sorry. yes this was bot created by justifications for CEO to get raise. I am beginning to realize Elon's fears of this AI thing.

Facts:
WFWM has not been organic but done via expensive acquisitions.
the homegrown handspun BI systems are not reliable. Inconsistent Excel and access is the finger in the dy-e solution employed by all the bank's analysts.
The bank's technology is way behind. The financial risks are greater now. Dumping mortgages for wealth management will be done too late.

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Post ID: @jbt+1lR72iWk

@OP+1lR72iWk
Right on! Could not of said it better! Thanks for the voice OP
#WFPROBLEM

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Post ID: @dxx+1lR72iWk

@jrr+1lR72iWk

Nice [keywords]. Are you d-mb? The bank has been operating under an asset cap since 2017. This is public knowledge. WF is still currently operating under this cap. Therefore, to put it plainly THE BANK CANNOT GROW DUE TO THIS PRE-Existing issue. If you can’t grow, it cuts into your overall profits margins.

I thought the OP was a little much at first, except they have very good points.

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Post ID: @qdl+1lR72iWk

Wow, extra biscuits and gravy for @jrr!
Smh…

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Post ID: @xqi+1lR72iWk

Well, stock price has tanked, morale is gone, financial performance is at a low point…. Sounds like he is not fit for the job. He did the same thing at BNY Mellon. They still haven’t recovered.

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Post ID: @ony+1lR72iWk

@pff+1lR72iWk

Yo OP speaks the Truth

That’s what I heard too. Then I heard he is getting/requesting a 7 figure bump. The guys in the trenches are getting laid off while the captain is sitting in the air-conditioned board room negotiating seven-figure raise for himself even after he publicly stated he would not be taking a raise. Small example of #WFProblens that #WFEMPLOYEESDEALWITHEVERYDAY
#INEQUALITYATITSFINEST

OP is definitely speaking the truth :). That other troll doesn't have a clue. “I stopped reading their post at “our technology runs flawlessly”. Wow!

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Post ID: @nuk+1lR72iWk

@jrr+1lR72iWk

I think I speak for everyone when I say YOU’RE LEGIT LYYYYIIINGGGG!

As a former employee I saw everything firsthand…And you are lying! Are you attempting to validate or justify WF CEO getting $2+ million dollar raise? Or are you defending the repeated FAILED strategies, low ee’ morale, offshoring job/layoff’s, and the same unresolved problems existing that were there when the CEO arrived in 2019 OVER 4 YEARS AGO. Any other employee would not be rewarded! You should be ashamed of yourself! You have no facts, no objective, no truth.

Your statement is just soo absurd, It’s funny. ROFLMBO!!! You’re beyond out of touch with reality and any actual facts, it is ridIculous. You have just made everyone d-mber with that statement. I really hope you’re either a “bot” or a “publicist”.

Anyone with half a brain. Can realize they have outdated technology. Just check the information on the SEC website. Whiile your at it; take a look at the head hancho’s offer lettter(public info). Any person with a clue would realize this is just not right! Your statement was fake, just as the strategy you reviled. Good thing it wasn’t true your dork!

Sorry brownose, but your “T&C” violation strategy to get this post pulled won’t work. I only speak the truth, based on the publicly available data. Try it sometime….If you even have the slightest clue to know how lol.

PS: Always “try” and use a VPN, TOR or Onion browser when using this site people. Your data is being collected on this site….well your data is collected on most sites to be fair. It is easy to aggregate information to identify you.

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Post ID: @vza+1lR72iWk

I thought Charlie declined a raise this year?

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Post ID: @pff+1lR72iWk

I am writing to highlight the impressive accomplishments of Wells [Fargo] and its CEO. The bank has made significant strides in recent years, thanks to the strong leadership and clear vision of its CEO.

One notable achievement is the well-documented "voice of the customer" that is known and followed by the bank. This has helped to ensure that customer needs are met and exceeded, which has contributed to the bank's success.

In addition, Wells' systems work flawlessly, and the bank's management clearly understands the liabilities and credit risks provided by the BI systems. This has allowed the bank to make informed decisions and mitigate risks effectively.

Moreover, the growth of the Wells [Fargo] Wealth Management (WFWM) division has been mostly organic, which speaks to the bank's strong reputation in the industry. The bank has also cleared up its reputation from scandals of the past, which has helped to restore trust among customers and investors.

Overall, these accomplishments can be credited to the CEO's leadership and strategic direction. Wells [Fargo] is well-positioned for continued success under this leadership.

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Post ID: @jrr+1lR72iWk

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