Thread regarding Wells Fargo & Co. layoffs

How is Charlie Scharf still the CEO??

Jamie is coaching him so very well, the magic spell and full control of the board continues. What else to say...

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| 1112 views | | 10 replies (last July 15, 2024) | Reply
Post ID: @OP+1ttGLU8w

10 replies (most recent on top)

It seem like they are not prioritizing the risk and control environment like the CEO was hired to do. Instead, the board is providing zero risk mgmt/oversight, and the CEO sending USA jobs to India seems extremely risky. It’s only a matter of time before the geopolitics impact India by sanctions too.

Modi & Putin are in cahoots and India is providing support to Russia. Based on the public information available, it sure seems like the Stagecoach is the Boeingg of banks. The execs seem to continue taking some big risks for short-term gains/profits. If the stock dropping 6 percent makes people happy, continue the current golden parachute strategy. No individual is worth $29 million.

Shame on the leadership. They know the risks. They just don’t care! Promote from within!

#WFC

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Post ID: @3ond+1ttGLU8w

Some of you are low level re tards. He has been crushing. We just made 5B in profit this Quarter.

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Post ID: @3yuh+1ttGLU8w

@mbk+1ttGLU8w

Charlie is a very temporary executive, he will move on to destroy another company soon enough. I shouldn't have to leave just because that failed POS strolled in. Execs come and go, F em.

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Post ID: @2uwh+1ttGLU8w

You don’t have to work for Charlie. Problem solved

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Post ID: @mbk+1ttGLU8w

To the two posters defending Charlie, you have to remember that the world's greatest investor told the board to hire from outside of Wall St. The board ignored that advice and limited their CEO search to a Wall St. crony then had to offer a ridiculous compensation package to for this bargain bin quality, one-trick pony of a CEO.

Stop acting like the board, or Charlie, are doing a good job. They are both abject failures.

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Post ID: @tft+1ttGLU8w

Charlie has no leadership skills. He only knows how to make cuts. God help us all.

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Post ID: @xml+1ttGLU8w

True to an extent, but he was not hired to be a liar and a failure as a leader. Hard to believe while we are in the S storm we're in, but it's entirely possible to lead a business through a downsizing and to do it well. Shart is doing the opposite. He has absolutely no vision or ability to rally people to that cause. We could downsize AND do positive things at the same time, but Shart is incapable of pulling that off and it's hurting the company. Even if the eventual goal is to fire all domestic employees, it could be done better than this.

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Post ID: @wde+1ttGLU8w

The only idjits around are those who don’t understand why he’s still CEO. He’s doing exactly what he was hired to do. How is this such a difficult concept to grasp?

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Post ID: @zzx+1ttGLU8w

Nobody wanted his job, remember? He was the best they could do.

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Post ID: @pog+1ttGLU8w

The Board must be id--ts.

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Post ID: @heu+1ttGLU8w

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