$12 Million Wells Fargo Employee Discusses Job Cuts "To Lower Costs" + Wells Finds Yet Another Way to Penalize the Poor!

<p><strong>Charlotte Observer Reporter Austin Weinstein </strong><a href="https://www.charlotteobserver.com/news/business/banking/article245718985.html"><strong>posted a story yesterday</strong></a><strong> about John Shrewsberry mentioning to investors the cutback of $10 Billion in spending Wells Fargo needs to do will be "mostly people"</strong></p> <p><a href="https://twitter.com/BankBetterGuy/status/1305554636422615041"><strong>What Mr. Shrewsberry didn't mention is that he makes $12 million + a year, plus more if the stock does well. That's almost $6,000 an hour!</strong></a></p> <p><strong>I discuss how the closure of branches isn't necessarily where the cuts will come from, as I am familiar with small town New Mexico branches that employed 2-3 people at most! I also talk about how the infrastructure of certain departments or elimination of some products will lead to a different type of bank than the "All-in-one" model banks loved 15 years ago.&nbsp;</strong></p> <p><strong>I can't get over how much goddamn money he makes.</strong></p> <p><strong>I discuss Bank of America's prospects for something similar soon as well!</strong></p> <p><br></p> <p><strong>Plus, I discuss the </strong><a href="https://twitter.com/BankBetterGuy/status/1304164256393306112"><strong>email sent to millions of Wells Fargo customers discussing changes to requirements to avoid fees for their basic checking </strong></a><strong>accounts, one week after announcing their no overdraft fee account for a fee! I discuss how Wells lowered some elements of the requirements, but are still a moot point to someone working minimum wage, based on the likelihood of their boss being "old school" and not doing direct deposit.</strong></p> <p><strong>I discuss how slowly but surely, this is a "punishment fee" for those who don't adapt to the method of banking Wells wants to do,and why I don't like it.</strong></p> <p><br></p> <p><em><strong>MY PATREON Page! For as little as $1, you can help James in his fight against big banks. </strong></em><a href="