While this is not occurring only at Wells Fargo, it is absolutely part of the problem. How do qualified candidates ever know there is a position in order to submit their resume?
For years, I have watched Golden Boys easily move up the corporate ladder without anyone knowing there was ever a job opening. Meanwhile, a more qualified candidate such as my manager with his MBA from SLU, never was given an equal opportunity. Because he was working instead of glad-handing.
Charlie already knew exactly who he wanted, based on the privileged individuals already running in his circle. And no one else ever had the opportunity to submit a resume. And then he did not become committed to diversity until it became a potential PR issue.
These are the same misleading and deceptive practices that have kept women out of the C-Suites as well. Shut us out from the beginning, and then if people speak up, claim there aren’t enough qualified candidates