Thread regarding Wells Fargo & Co. layoffs

PRIVATE JETTING FOR PERSONAL USE - SAME UNRESOLVED LEGACY PROBLEM EXIST

I find it ridiculous that the captain is quietly laying off thousands of employees, while at the same time getting a raise that he said he would be declining.

HERE’S A THOUGHT ON COST CUTTING! HOW ABOUT STARTING AT REMOVING THE CEO FROM BEING ALLOWED TO USE THE COMPANY’S JET FOR PERSONAL Use I believe the CEO was allotted 250 K per yesr (which HE EXCEEDED this allotted amount / THE amount ALLOTTED ). he exceeded that, hence took the company’s private jet for getaways

Any other employee would have been fired, but apparently this is acceptable in the BOD’s eyes. They are clearly teeing the captain up as a position of success, even though he is failing miserably. Everything he was brought on to fix is still broken. This guy has had years to resolve these problems and a pandemic to strategize. There should be no legacy issues at this point yet they are still remain.

Obviously, it is in the BOD interest to portray the CEO as being efficient because they keep approving the seven figure raises.

Our BOD and most senior leader ship should step aside and promote individuals that would be more effective and have a more modern strategy. They also wouldn’t let legacy issues remain for years. I think if any employee had issues that were outstanding for years would not be rewarded with seven figure raises. And this is just the tip of the iceberg.

#WFProblem
#Inequality
#Boxcheckers
#StepAsideOldies
#DoAsISayNotAsIDo

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| 1741 views | | 4 replies (last April 14, 2023) | Reply
Post ID: @OP+1m76vzCW

4 replies (most recent on top)

@jnr+1m76vzCW

ROFLBO! So are you actually justifying this expenditure? You are LYING! What is the justification for this so called “security reason”? For a company that is looking to cut costs, I see no justification whatsoever! JUST STRAIGHT UP INEQUALITY.

So: lets say If an employee is suffering domestic abuse at home or threats, is that employee offered “The Firms” private jet? ABSOLUTELY NOT!

You are another fine example of exactly one of many problems. I think you should also read it again ya spoiled boomer. “The Firms BOD approved the jet for personal use” HARD STOP. You have no argument whatsoever, or a clue!

How about Wells Fargo aka The Firm sells the JET, has a CEO work from the companies ACTUAL headquarters? Oh wait, that makes to much sense. This BOD sure picked an inefficient shortsighted, senile dinosaur with zero vision or real results to this day. He has created issues. Step aside blue hairs! It is time to bring in younger talent with new, efficient tools in the toolbox.

Instead the BOD presents a fake narrative with 7 figure raises, private jets, private car, private driver, private security, and the list goes on. Oh yea, and multi-million dollar bonuses and stock. I HONESTLY can’t even remember the last tine I traveled for the company, and this guy has access to all this. Great job on reducing expenses ya old fogies!

This, and many, many other similar things just peel back the curtain a tiny bit on the blatant inequality, salary/pay loopholes coinciding with current mid-level employees/managers who receive unbelievably low salary, benefits, and never receiving an impactful raise or full bonus.

It was not always common to have CEO’s make 300x more than their average employee. It was the greedy, baby bloomin b-ms that created this pay inequality. Nothing but greed and recycled ideas. The captain is legit sinking the entire ship while more senile blue hairs portrays WF’s captain as being efficient. He failed at mellon trying to use these same tactics.

#INEQUALITY
#TRUTH
#PAYGAP
#WFPROBLEMS
#THE99PERCENT
#WFC
#2023
#ONLYTHEFACTS
#EQUITYANDINCLUSION
#PAYINEQUALITY
#

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Post ID: @1sex+1m76vzCW

"Security" I mean Senators and Congress fly commercial, heck MADONNA flies commercial. It is not like anyone knows who this person is - he and the South Parkles aka Harry and Megsv need to band together on their privacy concerns.

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Post ID: @1agu+1m76vzCW

You forgot to mention in your hashtags that unionizing is the answer (eye roll)🙄

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Post ID: @1yjg+1m76vzCW

The annual report says that he is to use the company jet for personal use due to security reasons; if he exceeds $200,000 per year in usage, he has to pay the difference. Reading comprehension - try it sometime.

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Post ID: @jnr+1m76vzCW

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