Thread regarding Wells Fargo & Co. layoffs

Post ID: @2txv+1aWx5Sts

#FakeNews. Trump, his family and acquaintances never profited one penny from his presidency. In fact he donated his entire salary to the federal government every year. You are badly confusing him with the Clinton Foundation and the corrupt Biden affairs.

It takes the media to whip up enough of a firestorm to cause action, so a good man gets harassed non stop for four years while truly evil people, always on the far left, skate by massive scandals.

@2yqt. The only ones who miss Trump are his family and others profiting by his grifting the government for four years. You must be proud to be among them.

@1yxb. That is the problem with most companies. They see technology as an expense rather than an asset so they rarely spend money to upgrade unless it is necessary in such cases as Oracle and their lack of support if you don’t upgrade every time they release one. As a result the tech gets behind. Why else would mainframes be still the backbone of so many major corporations still?

They are paid in company stock options. Stock prices rise after stock repurchases (simple supply and demand). They are acting rationally from the standpoint of their own self interests.

It’s not as simple as shifting that capital to update systems. The minute it’s used for that, it’s an expense on the earnings report. That said, I do agree they need just splurge one quarter with a 15b to just modernize everything

@etb+1aWx5Sts and he'll be joking with them about the time he said there wasn't a pool of qualified black executives and he skated. "Can you believe I said that and nothing happened! Guffaw, haha."

Charlie’s smirk is a natural facial expression, due to years of playing large financial institutions for the fools that they are. He knows how to work the system and walk away with the cash. The joke is on everyone else.

A couple years from now, he’ll be retired and sitting at the NY Ballet with his other elite white pals, counting his dough. WFC stock will be in the tank once shareholders realize our technology still sucks and customers are leaving in droves due to poor customer service and because every other bank offers better digital solutions. There’s a good chance we will have been found to be vulnerable to multiple hacks exposing out long-suffering customers and I’m guessing a few more frauds/scandals will have come to light by then. Shareholders will be asking how the board let it happen all over again.

@iso. If you think that doesn’t preclude them from selling their own mother in hopes of making their precious dividend go up, think again.

@upo Stockholders do not own the company. They own a piece of paper that gives them the right to vote on company matters and receive some of the corporate profits should executive management and the board decide to share it with them.

Guess how much of WF stockholders get in the event of a liquidation. They are last in line.

Expose all these Wells Fargo corrupt corporate elites, hypocrites and thieves for their greed and their political manipulations. They completely disregard for the importance of putting Wells Fargo company and people first. They exploit low-level workers all across Wells Fargo. Is Wells Fargo company going to survive ?

Post ID: @nrj+1aWx5Sts

Hey genius! There are no rules that say you have to reply to every post.

Post ID: @upo+1aWx5Sts

Hey genius! There are no rules that say you have to reply to every post.

Post ID: @upo+1aWx5Sts

Please point out where anyone said they are “surprised”.

The idea is to raise the stock price through creating actual value rather than disingenuous stock price manipulation.

Raising the stock price for the people who own the company - the shareholders. Can't figure out why anyone is surprised.

On the plus side, it may mean CS is preparing to move on. Pump up the stock price, cash in his shares (which have a lower tax rate as realized gains than standard personal income tax), and move on to the next carcass.

Deja vu. Tim Sloan authorized $40.6 Billion in stock buybacks at all time highs, enriching himself by $64 million in company stock, then took the money and ran.

You won’t get a reply, just as when they did this before with the stimulus money instead of helping employees like many companies did.