Thread regarding Wells Fargo & Co. layoffs

@2cmi, yeah, if it wasn't so serious it would be hilarious how these hypocrites always want us to do as they say not as they do.

I still don’t understand why it is a good thing for people to lose their jobs so rich people can pay themselves on the back by giving handouts. I would rather give people opportunities to hold down decent paying jobs and to be able to provide for their own families. All these rich people want to hold fancy charity ba--s with fancy food so they can throw out crumbs to the people they hold down. Then the rich can all feel good for being so charitable, getting their tax write-off and wearing their expensive gowns to the charity ball.

The sad things is these hypocrite woksters will trumpet for forcing companies to pay a "living" wage, paid sick leave, paid family leave, paid menstrual leave etc, etc then move jobs to india because it's too expensive in the usa.

CLEARLY BEING DONE TO AVOID “CLAWBACKS” when the time comes, and a nice tax write-off. This guy is insulating himself by his so called “new” executives he hired.

The captain is gonna jump ship in my opinion. This sh-t is chess not checkers. I’m sure we’ll see him on the TV one day following the same path of the previous captains.

IMO I would bet he is planning to jump ship at the end of the year. This way, when we see him on TV sitting in the same seat as the banks predecessors answering questions he can look back and say he donated his last year‘s salary, a.k.a. tax write-off & harder to clawback. We can also say that he cut expenses this past year by reducing American jobs.

Like I said, this is all just my opinion, but it sure seems like he is positioning himself to check out of this place a.k.a. abandoned ship. I mean clearly, he could care less about his employees. I have never heard of a company this size, not hosting a quarterly Townhall regardless of what the employees think of the leadership. Employees are stock owners too, and they deserve to be addressed. Just another child move by a senile old man.

There is a reason why younger companies are doing much better, and have much higher revenues and profit than these banks. It’s because they were started by younger people who understood technology and knew how to innovate instead of going back to the 1980s playbook which does not work anymore.

Look at Apple for example. That company has not been around anywhere near as long as Wells Fargo yet, It’s teetering around 3 trillion dollars. Wells Fargo isn’t even allowed to grow! This is due to the asset cap that the CEO was specifically hired for and still has yet to deliver, and have it removed. Clearly he is not meeting expectations. The board can spin it however they want. At the end of the day, what has this CEO accomplished??? Besides incurring billions in fines for the bank. He was brought in to do a job that still has yet to be accomplished almost 5 years later! FAILURE!! You are a butt kisser OP / Bot.

How can you think this guy is such a great CEO for donating a year of his salary?! Clearly it’s to receive a tax write off, and other incentives that only the 1% receive. I bet it is also to avoid potential clawbacks in the future. Meanwhile he has received well over $100 million in salary and much more money beyond that.

What a bunch of dutyheads!!

#WFC
#WFC2023
#WellsFargo

Pretend to be on the side of minorities, then when they can’t pay they take their home.
This seems predatory to me.

Nice way to acquire assets when the foreclosure comes.

Nice tax write off

I call BS on this post and any donation from piece of sh^t Charlie. Charlie will only do what benefits himself and the rest of the C-suite.

Why just 8 metro areas? Won't some other metros claim discrimination?
The eight metros included are Minneapolis--St. Paul--Bloomington; Philadelphia--Camden--Wilmington; Dallas--Ft. Worth--Arlington; Washington--Arlington--Alexandria; Baltimore--Columbia--Towson; Atlanta--Sandy Springs--Alpharetta; Charlotte--Concord--Gastonia; and New York--Newark--Jersey City.

Aren't 3 of the 8 WF Hubs?

FYI, His compensation is 24.5mill, not his salary. His salary is a paltry 2.5mill

Must be Charlie’s bedtime…

This is just WF’s attempt to score a brownie point with the Fed. Just to be clear, grant is NOT from CS’s undeserved unearned $24.5 million salary but WF’s/shareholders’ pocket !

Nah OP, we've got your number, and right on schedule you had to run back to your lame little "casheir" hug box post to do blackface with the other nutcases.

Post ID: @ohs+1o5F4eEj

You either have low comprehension skills (since your interpretation of my posts has nothing to do with anything I’ve written) or you are just looking to be involved in an argument. Good for you??

It's pretty clear at this point that OP spazzed at the idea of Wells giving to charity and came up with this tortured reasoning to tie it back into his monomania about Charlie

I don't consider someone, let a lone a bank employee, who rails against profits being used legitimately to help the poor but wants to turn a business into a welfare program for overpaid unneeded employees to be capable of having an intelligent conversation.

No, they're legally gotten-gains at WF. Not sure why you're struggling with this OP, but based on your bizarre hatred of charity and lack of business understanding it's no wonder you landed at WF

Post ID: @rbc+1o5F4eEj

Did you think it was nice to see Bernie Madoff giving a little back?

@yvn+1o5F4eEj It's not an act of charity, it's basic business sense to reduce costs. Take it up with capitalism, and give yourself a couple more upvotes, snowflake

Post ID: @zid+1o5F4eEj

Does that mean you are for offshoring American jobs?? I do not consider keeping American jobs for American companies in America an act of charity.

@lwc+1o5F4eEj

So what you're saying is that Wells Fargo itself should be a charity in paying salaries to employees that might not be needed.

It's nice to see this rotten company who has taken so much give a little back, which was perfectly within Charlie's rights, despite OP's fixation on him

OP here:

Setting the record straight. I am not opposed to charitable giving. I am opposed to hypocrisy. For example: Wells Fargo (Charlie) laying off employees and offshoring US jobs, which tears down our communities and citizens’ ability to provide for themselves, and then Wells Fargo (Charlie) turning around and announcing they are giving money to “help underserved communities“.

Wells Fargo’s “general funds” include cost-savings generated from Charlie laying off employees and offshoring US jobs. So no - I do not respect Wells Fargo sacrificing their own employees and our country’s economy on one hand and then “spinning it publicly” on the right hand that they are a philanthropic institution committed to supporting underserved communities.

I support people putting THEIR money where their mouths are, not putting OTHER PEOPLE’S money where their mouths are.

I would liken it to Bernie Madoff giving money from his “general fund”. Madoff’s “general fund” was comprised of money taken from his victims.

If anyone wants to have an intelligent fact-based conversation about it - I welcome it.

Troll post successfully trolls. Whodathunkit?

What hypocrisy? You’re really tilting at windmills here. There’s a lot to loathe about the guy, but this ain’t it.

Post ID: @icy+1o5F4eEj

Oh please. Corp Comm struggles to come to the defense of Charlie’s hypocrisy again.

Article says nothing about Charlie's salary. It's a program paid from Wells Fargo's general funds. The money doesn't "come from" anything in specific. Spending from the company's general fund is just that - from the general fund. It isn't from any specific source.

And the company's subsidized lending has nothing to do with Charlie's salary.

Oh no a security guard used a pencil...that must've come from the salaries of people Charlie laid off!!1

Jesus, you nutcases will even try to attack some innocuous PR bs like this that actually benefits people. If anything this comes out of the shareholders' pockets, but they aren't living rent-free in your head the way Charlie is.