New Wachovia CEO Robert Steel vowed to turn things around at the bank and he was not kidding. He started with morale boosting pep rallies and marshmallow tower building competitions, and now he’s moved on to a not even necessary capital raise that, while probably dilutive to current shareholders, is sure to wow the crowds with Bobby’s out of the box thinking, no doubt honed during his time at Goldman Sachs.
That’s right, the firm is holding a HUGE sale on swag as we speak. Of course, the selling of a company’s crap at a deep discount is usually reserved for those that’ve gone under but surely the garage sale is an effort by Steel to avoid just that. Who needs JPMorgan when you can make BANK on polos with the WB logo? Get out there and do your part.
Earlier: New Wachovia CEO Steel Turning Things Around, Starting With Company Morale
I am in tears with laughter
Vince Offer rules.
wachovia needs to raise “smore” capital instead of marshmallow buildings
Sounds like like they are about to drop their sponsorship.
Nationsbank did a similar thing right before changing their name to BofA.
Sham-Wow!
Wachovia’s for scum. I would keep my money in a body cavity before putting it on deposit with the WB’tards.
You can use mayo as a sub for shaving cream, and clean it up with the shamwow.
it’s leftover Wachovia Championship items…happens this time every year after the golf tournament
How is Wachovia still in business? They hire pretty much with what’s left over in banking. Who in their right mind, with any decent value, would do finance in North Carolina? At least similarly headquartered banks have their major IB and S&T offices in NYC, Chi, or SF.
the 440pm comment certainly comes from someone that has no life or talent
Can’t wait till my Wachovia shares are back to $60 in a few years…after buying them for $9.
I’ll bet the furniture/office supplies are next. Wachovia is simply the dregs of banking?/NC?/US?/humanity?
Doh! At first glance I thought Wachovia had wizened up and decided to diversify into herbal glaucoma remedies. Swag != Schwag.
Hmmm…. didn’t Bear Stearns try this just recently?
You should have seen the lines of Walkallovaya’s sheeple ready to buy this crap. Either they figure they won’t be around to get the free stuff next year or they want to have it like the old Piedmont Airlines employees. That way they can wear it and feel smug as the new masters from Goldman show them the door.
Oh, and in a further measure to bolster the stock price, they have decided not to upgrade the elevators in 2WC and have reduced the water pressure in all of their buildings bathrooms
–Wachovia Tenant
don’t take him seriously until he rations color photocopies.
the blonde on the right is perfectly proportioned, at least from this angle.
we’re talking “golden mean,” and I suppose that might be a double entendre, known blonde bankers…
No one on the corner has swag like us…