Peace out Walt
We are so glad to see you go! You robbed the company for hundreds of millions for average stock performance, lost the trust of the workforce, and left the company in a bad position figuring out what to do with the bank. Don’t let the door hit you on the way out
11 replies (most recent on top)
Who else works at this new firm? Jeff Skilling? Elizabeth Holmes? Darth Vader?
This ja----s “retires” to sit on the board and then comes back a mere four months later to work for a PE firm that works with the competition. And Schwab Financial Consultants have non-compete contracts?!? I’m sure Walt will resign due to the inherent conflicts of interests. Right?!? I’m not holding my breath. Remind me again who said “Trust is lost in an instant?” What a joke!
The lying and gaslighting continues!
True color showing now as WB got a new job at CD&R. Retiring????
https://www.cdr.com/news/cd-and-r-appoints-walt-bettinger-former-ceo-of-charles-schwab-as-senior-advisor-financial-and-technology-services
The Ameritrade merger was a disaster. From an equity standpoint, the company is all over the map. Bonus percentages still vary wildly between legacy green and blue. Legacy green employees have much higher bonus %, on average. The company made many gestures to correct this, only to backtrack. And they had the gall to insist no overture was ever made. Absolutely laughable.
its ok you and your team keep clicking down votes....Bettinger was a selfish self serving leader in my opinion. Im glad he is paying to have people save his name it is gratifying to know that he has to hire clowns like you to play with the buttons
Another "bye walt" thread of bot downvotes and three very similar length and tone comments... who's fighting it out here?
If this company spent the time and energy they use botting downvotes on this board to actually address employee concerns maybe we wouldn't need this board at all.
By far, with wb and ec, this is the worse leadership this company has ever had . But employees were and are what make this co a stand out.
With the self absorbed , narcissistic former ceo out, we can make headway to quality treatment of employees and ultimately higher share price. Stopped listening how wb kept bragging of the biggest merger completed. I didn’t hear it was the best, just the biggest. With him gone, Let us now hold leadership accountable for their over inflated salaries .Leadership/ EC, You are getting millions. Why?.What suggestions , strategies did you put forth that created an uptick in share price. What employee did you hire ( not talking cronyism)that was successful in their previous job to turn the morale around here. If you hired someone to be remote, leave them alone. Leadership, Have integrity , let them stay remote. They are missing nothing being in an office. Trust and integrity have been missing for a long, long time. Also, Stop spending money on surveys, here is your answer,
no one trusts current leadership. No one. Leadership /EC, put your collective expensive heads together and be the game changer you are paid to be! Schwab has so much strength , AND potential .Let’s make 2025 the best ths company has ever seen and match our competitors per share price of hundreds per share .
Walt Bettinger and his team of sycophants have been drinking at the trough for years at the expense of employees. Several years ago poor investment by the firm led to seere financial issues. Staff already underpaid were severly affected with 70% of already low bonuses while senior managers and Bettinger still paid themselves handsomely rather that taking responsibly for an issue they created.
Very little if any advancement opportunities. Salary structure that doesn't nearly keep up with inflation. Wage growth has been negative in real terms for years. But for many they are caught in the trap of this meat factory.
The firm attempts to lure young college kids to man the phones for what I did in jobs. Hopefully many of them realize it before too much time has gone by for those who let a decade go by unfortunately, they get trapped at a firm that is rife with false promises of career opportunity. I know first hand as a former Managing Director I always felt embarrassed by the year end review process, minimal bonus and merit increases for many long and (foolishly) loyal employees. Schwab speaks out of both sides of their mouth. Rarely delivers on promised opportunities and rewards politicians that create processes and procedures that are merely smoke and mirrors to superiors that have no idea that the subordinates that run teams and departments below them are merely delivering meaningless facts and figures. It reminds me of a Monty Python skit where the "Administrator" Goes in to an operating room and the Doctor rolls out the Machine that goes "Ping". The machine actually does nothing but the administrator (Senior Schwab management). says " Oh wonderful I see you are using the machine that goes PING!"
These meaningless progress reports and processes do nothing other than irritate the teams as they realize that their useless self serving managers are merely managing up to an out of touch clueless management class that also could care less about the staff and health of the firm.
I have worked for several corporations over my career for me this firm was the worst. These are my observed opinions and experiences some may, and certainly are free to disagree.
By far, with wb and ec, this is the worse leadership this company has ever had . But employees were and are what make this co a stand out.
With the self absorbed , narcissistic former ceo out, we can make headway to quality treatment of employees and ultimately higher share price. Stopped listening how wb kept bragging of the biggest merger completed. I didn’t hear it was the best, just the biggest. With him gone, Let us now hold leadership accountable for their over inflated salaries .Leadership/ EC, You are getting millions. Why?.What suggestions , strategies did you put forth that created an uptick in share price. What employee did you hire ( not talking cronyism)that was successful in their previous job to turn the morale around here. If you hired someone to be remote, leave them alone. Leadership, Have integrity , let them stay remote. They are missing nothing being in an office. Trust and integrity have been missing for a long, long time. Also, Stop spending money on surveys, here is your answer,
no one trusts current leadership. No one. Leadership /EC, put your collective expensive heads together and be the game changer you are paid to be! Schwab has so much strength , AND potential .Let’s make 2025 the best this company has ever seen and match our competitors per share price of hundreds per share .