Thread regarding Wells Fargo & Co. layoffs

Wells Fargo CEO Charlie Scharf gets 28% pay boost to $40 million

Thoughts? I don’t know about you, but I got a sh---y 2% raise and I have been with the company 15 years.


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| 1894 views | | 23 replies (last February 4) | Reply
Post ID: @OP+1kgg6xhs9

23 replies (most recent on top)

I would never want his job, but his increase and the amount of money he makes is sickening. When is all of this craziness going to stop?! He needs to go. Same with the OC. I keep praying karma is going to let these people know how much they are ruining live. They seek to be laughing at us while they enjoy these lavish lifestyles.

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Post ID: @gn+1kgg6xhs9

The law of boomerang will get him and his family.

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Post ID: @ec+1kgg6xhs9

They should replace him with a bot and save millions per year.

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Post ID: @dp+1kgg6xhs9

28% is disgusting. And that's just raise. He's sure to get huge stock + bonus stuff.

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Post ID: @dn+1kgg6xhs9

@d6 its from the movie wall street. Ever heard of it bozo

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Post ID: @dj+1kgg6xhs9

Just my opinion but I think any company that’s been making significant layoffs and displacements should be looking at what the CEO and executive suite members are making each year. You would think they would be getting pay cuts rather than huge excessive pay increases.

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Post ID: @de+1kgg6xhs9

It’s pretty much the same story every year. How else is he going to pay for that strip center he bought to store all his extra stuff?

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Post ID: @da+1kgg6xhs9

This is with a Meets rating. Imagine what he would have gotten as an Exceeds

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Post ID: @d9+1kgg6xhs9

@b7
It's not up to employees. At least no more than whatever number of shares you have for voting purposes.

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Post ID: @d7+1kgg6xhs9

@aq
"How many yachts can you water ski behind?"
Not many. They don't go fast enough.
And they aren't used for that.
Pick someother appropriate rage next time.

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Post ID: @d6+1kgg6xhs9

Charlie is making money for the company and for shareholders.

Get over it

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Post ID: @cw+1kgg6xhs9

@b7 Yes. I think the board is just as invested in firing you as he is.

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Post ID: @bd+1kgg6xhs9

Does the board really think employees would be supportive of him getting a 28% raise while the vast majority got nothing? I'm hearing lots of groups couldn't even allocate all of the merit money they were budgeted. Insane.

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Post ID: @b7+1kgg6xhs9

I think with that kind of $, Shart should pay the $100k entrance fee for every H1B application going forward.

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Post ID: @b6+1kgg6xhs9

How many yachts can you water ski behind? If he wanted to make this much money he should have joined congress instead of robbing it from the people that make sure wells fargo is a tier 1 institution

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Post ID: @aq+1kgg6xhs9

He deserves this raise. He has done a good job covering up this bank's weaknesses to the investor.

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Post ID: @ag+1kgg6xhs9

That’s a lot of jobs that could have been retained.

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Post ID: @ae+1kgg6xhs9

Sick sick sick

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Post ID: @a9+1kgg6xhs9

It’s shameful.

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Post ID: @a8+1kgg6xhs9

Wells was better before he joined

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Post ID: @a7+1kgg6xhs9

I haven’t got a raise in two years and I’m pretty sure I’m lower than the starting wage

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Post ID: @a6+1kgg6xhs9

0% raise, bonus 22%. Corp risk. Anyone above mid-point didnt get raises. Now we know where it went.

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Post ID: @a2+1kgg6xhs9

0% + 10k

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Post ID: @a1+1kgg6xhs9

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