Wells Fargo cuts 26,500 jobs, shutters branches, declares "excess capital" and drops $40.6 billion on stock buybacks

[anon61221983]

@Riley88

you all do realize that the $40.6 billion is going to be distributed directly to stock holders and that the rising stock price will benefit all the other stockholders who do not directly get their shared purchased?

They fired over 25000 people… do you think they benefit from the stock buybacks? Or do they not matter, because they don’t own stock in WF?