Townhall was a complete waste of time

Wow, what a complete waste of time and zero information provided. Does this guy even know how to rally the troops? I have never seen morale so low at a company in my life, and be able to attribute it directly to the CEO.

I also find it hilarious that this man lacks complete accountability after being in his role since 2019. Sorry bud, you stop inheriting things once you’ve been in a row for three years at the most! This guy needs to STOP BLAMING the banks problems on past leaders and hold YOURSELF ACCOUNTABLE. Or, at least the operating committee or Board of Directors should.

Obviously, it is in the Board of Directors interest to make the CEO out as being successful. However, the reality is chainsaw has done NOTHING but continue to receive billions in fines from regulators and lawsuits due to the CEO’s bias. This has coincided with the constant offshoring job’s, and ruining morale in purpose. HE IS AN ARROGANT, INEFFECTIVE LEADER And should be shown the door. I am not sure how the shareholders don’t feel the same.

The facts:
Isn’t it pathetic that the CEOs before chainsaw had the company at a higher stock prices $50+ a share when chainsaw took over and now we are lucky if we have her around the high $30s to low 40s of share. I am pretty sure if ANy of the employees had these kind of results or lack there of they would have been canned two years ago.

The fact is we have a bias, dinosaur CEO with short sighted initiatives, and lack of knowledge. It’s funny how he does not mention his BNY Mellon days where essentially his return to office strategy failed. He didn’t last long there (public knowledge).

Still, the Board of Directors approves chainsaws, multi million dollar raise again this year, even though he publicly stated that HE WOULD NOT be accepting a raise this year, yet he got the seven-figure increase in base salary. If his excuse was to have his pay more in-line with similar banks, Guess what…. WF is nothing like other banks….. at the moment. As I recall, not one bank, is operating under an asset cap, and restricted to grow except WF. I also found it funny how he tried to make it sound like it cost the bank money to bail out first republic. I don’t know the specifics, but I guarantee you it is a great investment in the long run, and the bank will make money off of it.

It is funny how everything is portrayed as we’re making progress and everything is going well. I think the employees call total BS on it and would rather spend time doing something more efficient than hearing this guy on a Townhall just to hear himself talk with a brow-nose by his side.

What a joke. If we are really making progress, how about they start showing it in a presentation mapping it out for the employees to see. Or would that be too difficult for an individual who makes 8 figures to put together a presentation. Maybe it’s just the fact that no progress has been made whatsoever so there’s nothing to actually show.

Yes, layoffs will continue through 2023 because the only tool in this dinosaurs toolbox is to cut headcount/offshore. I’m sure it also adds to the fudged diversity and inclusion number by offshoring.

And don’t let this guy try and compare himself to any employee. He talks about going to the office and collaborating blah blah. The truth is chainsaw is driven to work by a luxury car, and driver paid for on the companies dime. So when you guys are sitting in traffic on your hour, long commute, he is sitting in the back of his Rolls-Royce drinking Mojito’s listening to one hit wonders like Lala Bamba. Meanwhile you’re you’re stuck in traffic putting where in tear on your own vehicle rushing to pick up your kids or whatever. My point is, there couldn’t be a bigger hypocrite. Either he is clueless of what his actions are, causing, or, most likely just doesn’t care. As soon as he shares vest and he’s fulfilled his offer letter he’s gonna bolt. You’ll see! Take a look at his offer letter on the SEC website if you don’t believe me. Just another day on the out of control stage coach.
“ I always tell the truth, even when I lie.”

/// “The grass is greener on the other side. Either get out or unionize. Everything in this post is publicly available information, and there is no reason for it to be taken down”.

#WELLSFARGOPROBLEMS
#WHATAJOKE
#WFC
#WFCPROBLEMS
#INEQUALITY
#WF
////
#LAYOFFS

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Can we make the “Town hall was a waste of time” sticky post? I pity those who still expect top paid managers to tell the truth.

Queued up the townhall for tonight and will stream it to the big screen. Invited the neighbors over for a viewing party. Bo-g hit for each “uh” and shot for each “um”. First to pass out loses. They won’t know what hit em!

It's all about making the board happy with Chuck, and it's clear all the layoffs have really done nothing except make the company worse as we shift a lot of these jobs overseas. Let's face it, you value a company like this by a ton of things, but the number one aspect people look at, stock price. And the stock price has tanked under him. The weird algorithm they use to can people takes nothing into account except, numbers. Like age, salary, years at company, and years to retirement. Has nothing to do with what type on an employee you are, at all. And the amount of really good people they have let go is slowly ki-ling the company.

Total waste of time. The only time we want to hear from Charlie is to announce his resignation

I think you meant “too stupid”

@ixu+1mztxqnk

Are you to stupid to realize what the thread is actually about? Stop spamming every thread. No one cares who you vote for. We really really don't. Stop wasting the keystrokes.

What happened to “transparency” and “honesty”? Lololol.

So tired of the gaslighting by all executives. You know you are full of it, we know you are full of it. What’s more, you know that we know yet you still play this stupid game and expect us to smile and nod and play the game too. The cards are all in your favor in this game. I’m not playing. I’m milking this job for everything I can and to he-l with you and your lies.

I was born in the dark, but it wasn’t last night.

FYI, there were 174 lies confirmed in the CNN townhall.

Op said it perfectly.

I’ve stopped caring TBH. It doesn’t make a difference in my life except to make me miserable. Yes this place is a he-l scape and our leaders blow. But that has been my experience here even under different regimes. Yeah it was more “fun” when Kovacavich and the norwest leaders ruled the roost with perks and recognition and silly stagecoach/horse stuff, but honestly, it was a horrible place to work. New regime, new kind of awful.

I think corporate life is incredibly dysfunctional overall. A couple of decades in, I understand why and how tenured corporate folks often start their own businesses at this phase of their life. They have the experience and connections from corporate and realize they can be a fully functional adult in charge of their own destiny running their own business. “They” is me. I’m laying the foundation to take charge or my life and to he-l with this dumpster fire.

This is why I no longer attend any town halls. If I want smoke blown up my a-s I’d visit San Francisco.

It's a drop in the bucket compared to the time 100,000 people waste in their car every day driving to a building for no reason.

Almost everything this exec team does is a complete waste of time. Normally that wouldn't annoy me toooo much, but these id--ts like to roll a lot of box checking corporate BS that accomplishes nothing down onto is as well. That is annoying. These clowns sometimes ask if we have the tools we need to get our job done, and increasingly the answer is no. My work takes time, and their time wasting BS often prevents me from getting things that actually are useful and important done.

There hasn’t been a townhall that ever broke any good info. I’m not sure why people attend these, besides getting paid to watch it.

@hgr+1mztxqnk

FFS, can we get through a single thread without you popping up to discuss your man crush? No one cares who you vote for and this forum isn't about your political opinions. Stop spamming.

What I missed the town hall.

I always find that the people who do the most talking have the least to say.🥠

Thread regarding Wells Fargo & Co. layoffs

Townhall was a complete waste of time

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