by Brian Pillmore | Sep 9, 2022 | Brian's Blog
Rick jumped into my office – “Brian do you have a copy of the incentive compensation plan?” I quickly said, “No, I think James was gonna send that to me.” “Well, here you go. I printed one out for you. Read this each week. This tells you exactly what Wells Fargo...
by Brian Pillmore | Aug 23, 2022 | Brian's Blog
Over 9 out of 10 of them take their wealth and invest in real estate and a BANK. Why a bank? Bank investment returns suck! (relative to oil & gas + real estate) Here’s the hard truth (math included). At an average return on assets (ROA) of ~1% and average leverage...
by Brian Pillmore | Aug 11, 2022 | Brian's Blog
March 24, 2008, I walked into the first bank I ever worked in. Bear Stearns was on the brink of bankruptcy. Countrywide had been purchased for $4B in stock from Bank of America in January. I didn’t know what I didn’t know about banking. We had to build a bank to...
