Thread regarding Charles Schwab Corp. layoffs

Walts performance

The wonderous Walter is leaving us with a 3 year stock performance of negative 13 percent in one of the biggest economic booms ever. The S&P 500 is up 27 percent during the same time. Why are we giving this guy a pass and a huge bonus? Now he sits on the board getting paid for doing nothing

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| 1801 views | | 12 replies (last December 24, 2024) | Reply
Post ID: @OP+1w3KmeFr

12 replies (most recent on top)

Wow, look at the voting on each of these comments! Almost 1:1 downvote for every upvote!

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Post ID: @5mfq+1w3KmeFr

Now now. That’s not fair. Kitties don’t lie.

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Post ID: @4tqg+1w3KmeFr

Walt's a see you next Tuesday

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Post ID: @4you+1w3KmeFr
No one at Schwab ever said work from home was permanent.

Walt said it was working well, staff were responsible for the largest merger in industry history while remote and that he was satisfied with the results.

Three weeks later he announced RTO. He also said the RTO plan had been in the works for months. Walt also said it was a great plan.

We’d take another quarter to implement when CRE couldn’t get enough space. And now the Dallas garage is closing for shoddy work.

Nothing is permanent. But we gave Chuck a raise and the WC bonuses as thousands were let go and the rest of us got 73%.

Bitter? No.

Pi---d my guys worked their as--s off for no reward and a slap in the face that I couldn’t fix for them? Damn skippy.

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Post ID: @3sog+1w3KmeFr

Saturday night before Christmas and a three hour comment on an older post has over 20 votes?

Hysterical.

HR wonks. The points are made up and don’t matter. What duffuses.

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Post ID: @3pqk+1w3KmeFr
Please leave Schwab. It isn’t healthy for you to carry so much bitterness. And we don’t want you. Also stop with the stupid comments about Walt’s results as Chief Ex.

Don't tell us what to do! Also why are you writing this on Schwab's behalf at 11:25 pm ET on a Saturday night? Is Schwab paying you overtime for this?

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Post ID: @3ryf+1w3KmeFr

I’m always amazed at how bitter some people are to the point of making up stories. No one at Schwab ever said work from home was permanent.

Please leave Schwab. It isn’t healthy for you to carry so much bitterness. And we don’t want you.

Also stop with the stupid comments about Walt’s results as Chief Ex. The company is worth 8 times what it was when he took over. Should I believe some complainer on this web site could match that? Only when I’ve eaten too many gummies. Ok, not even then. Ha ha.

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Post ID: @3gtm+1w3KmeFr
the big lie

Yup. Walt’s clown hall telling us things were great and they just needed to adjust security and custodian services for the larger number telecommuting. A couple weeks later and he announces a perfect RTO plan that had been in the works for months.

Any employee respecting him after that must think Santa is real.

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Post ID: @2pye+1w3KmeFr

To the person defending him

Over the past decade, both the S&P 500 Index and Charles Schwab Corporation (SCHW) have delivered substantial returns, with the S&P 500 achieving a total return of approximately 191.8% as of November 2024. 

In comparison, Charles Schwab Corporation has achieved a 10-year price total return of approximately 213.5%

So you are telling me we are paying this guy 450 to 1 to slightly outperform the market? What a joke he doesn’t deserve that much money compared to each employee and is personally responsible for multiple layoffs

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Post ID: @1bvb+1w3KmeFr

Three year makes sense for post C19 and RTO. It also makes sense to show how completely d-u-m-b the EC was to think customers wouldn’t rate seek.

Compare Walt’s 16 years and is there a good story? No. But it was the big lie that defined his legacy.

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Post ID: @1asn+1w3KmeFr

@fac+1w3KmeFr

The rest of us are judged on an annual basis. A 3 year performance review is more than generous.

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Post ID: @1cdh+1w3KmeFr

Did you choose a 3 year measure because that’s the only one where Schwab is down? On a 10 year scale Schwab beats the S&P. Why only look at the last 3 years and not the previous 30?

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Post ID: @fac+1w3KmeFr

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