I’m a believer. All the legacy Wells Fargo cronies used to snicker that our CEO was never going to get the 2016 consent order lifted in our lifetimes…even though they happened on their watch
But Charlie did it. He. Is. The. Man
In Charlie I trust
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Like the Titanic? Same ending
OP is the HR head, CS’ female pal! Singing CS praises is part of her job!
Dear Believer,
You. Are. An. Id--t! The company has laid off tens, if not now, eventually hundreds of thousands of American workers. Many outsourced to India/Phillipines. Yes, the ones where their exec was drunk on a plane and urinated on a woman and @2000 foreign workers scamming WF by submitting duplicate or false health docs for reimbursement. (Google it) People live in fear everyday of how they will feed their families if they are next. The company motto is do more with less, which means most are stressed performing the work of 2 and 3 people's jobs that were let go or training their replacement in a third world country. Branches are unuionizing due to the unfair conditions.Yes, congratulations Charlie to be the first National bank to unionize...Bravo! This was a consent order NOT the asset cap and it took over 6 years to close it. Charlie's in his 5th year if you can't do the math. Your hero, Charlie got an 18% raise because the BOD are Charlie's cronies, do your research. BTW, How did you do on your review? Was it even close to 18%? Let's not forget Charlie's take on black talent in senior management and his overkill attemt to walk it back with DEI. Some things you cant just take back. He spoke his truth. Anyone else would have been immediately terminated. We have been fined BILLIONS under Charlie's watch and no it wasnt all for "stuff" prior to his reign. Take your p-m poms somewhere else. Charlie is a fake.
Who let Charlie post out here??
Yep a bunch of rah rah rah when the major issues isn’t addessed. We still cut US jobs and are bound by foolish processs and still have an asset cap. And surrounded by incompetent senior leadership. Swell chuckie driving the company into the ground
OK bravo he spent billions to do this. But How many consent orders, MRA’s, MRIAs, etc. have been added on top of the one that he finally got rid of?
This consent order is NOT the asset cap.
Wake us up when asset cap is lifted.
FHY - FCS
Meant 5 years to fix 6 problems/orders.
5 years to fix 1 problem.
Scharf is costing WF roughly $15 Million per consent order. That means it'll be another $133 Million by the time he's done.
Actually no, just like our work creates all the profit, we fixed all the regulatory issues as well. CEO doesn't get their mitts into any of that work. High level updates and that's about it. We have 8 more consent orders, and maybe more on the way. So "yay team" on this one but there's a long way to go. Meanwhile, the POS in HY will take all the credit.