Thread regarding Wells Fargo & Co. layoffs

@ucc+17ci73Ch I know one of these woman and she may have made the ultimate decision to leave but 99% certain the alternative "choice" was to be fired. And she was amazing at her job, ethical, and well respected by her peer, reports and clients. Her position remains open - this retirement "decision" happened to another senior leader in the same department and her retirement and the name of replacement were made simultaneously. The use of the word " decision" is a euphemism at best.

some regular employees who have a VP title let it go to their head. Or i'm in the office of the president. WTAF. You are just some dam employee. that's it!

I'm a woman and I have worked for women executives and I must say that they are not easy to work for when they have high rank. They turn into bullies, hold grudges, throw tantrums. I have worked with many of them to say it. Many just let the title go to their heads and forget how to treat others.

I forecast additional diversity training headed our way because of recent senior mgmt public comments.

I’ll just point out yet again that a lot of Scharf’s friends have been hired into newly created roles that have very nebulous accountabilities or because a single role was divided into two. Quite literally multimillions in new salary expense.

This isn’t just changing talent, it’s a gravy train and if I sat on the Board I’d have some questions. But everyone knows that Boards of big banks are basically a rubber stamp.

Hey Austin, good article, thanks.

In the past when I was a hiring manager, not at Wells, sometimes I hired people I knew, because I knew they would be good for the job based on working with them before.

My hires were a mix of nationalities and races because that's who I had worked with in previous jobs.

It's a big world filled with all kinds of people, and limiting yourself to one race or gender in hiring means you are by definition limiting the size of the talent pool.

If Scharf says he can't find enough talent in the pool, it's because he's in a gated pool, by choice.

@ucc Yes, of course they all left for other jobs... the point was - why would they want to leave if they felt they had a fair shake at WF? Of course they all declined to comment - every one of them are consummate business professionals and there's no purpose to be served. Every one of them a powerhouse and a great loss to the company.

You have to look at patterns. The fact here is that if you look at promotions, hires, "executive placements" in the past couple of years along with who has exited, it isn't consistent with what WF has professed about diversity, both before and after Charlie's arrival.

The problem is no one has come up with a proper balanced and fair solution. We have all witnessed both sides of the problem. I have witnessed the bias against race and s-x, and I have witnessed the unintentional consequences of the incorrect solution. I wish someone could come up with the right answer. I have a friend who approaches all decisions from a place of kindness and I try to be more like her😉.

What I do know, for sure, is that no one has the right to pass judgement unless they have “walked in someone’s shoes” as it has been said.

As a woman, I have witnessed extreme bias in the workplace (a married male manager saying out loud he passed over a single female for a promotion because her male competitor had 3 kids and “3 mouths to feed”.) True story, will be happy to provide PLENTY of more real life examples right within the halls we all walk. To the other side, I know a woman who switched from studying to be a nurse to the Police Academy because she was told she would go the the front of the very long line to be a detective, because they needed women. And she did!

Charlie is the latest example of the fact there are still changes that need to happen. At his best, I could defend him for being a product of his upbringing and he really believed what he said to be true. At his worst, he’s a privileged white boy who only thinks privileged white boys are good enough to run a bank.

Time will tell if he recanted because he realized he was wrong, or for PR purposes.

This is Austin, I wrote the article. Thanks for sharing it. Let me know what else I should be writing about at Wells. You can reach out to me on Twitter DM @austwein or my work email, aweinstein@charlotteobserver.com

No one has an entitled attitude except for whites. Minorities want what's fair

At some point, these (and similar) people will realize that life is hard for everyone. Life's inherent difficulty is not due to racism or any other -ism.

But if you insist that some societal institution is racist, then start your own version instead of walking into someone else's with an entitled mind.

No one said they were terminated. One has to question why they wanted to leave.

I know of one very highly respected (white) woman in the industry who left WFC after her first year or so. She was hired to bring her Industry expertise to the table, and she said the “old boys club” treated her more like their secretary.

Anyone seeing a pattern?

They all left on their own for other positions at other companies and declined to comment so this is not a story in my opinion. Just trying to fan the racist flame at Wells Fargo.

I do like they call Charlie out though.

Thanks for sharing your article Austin

Great article! I love that they bring in the hiring of Jamie Damon’s son-in -law.

The Board gave Charlie too much rope and he is hanging himself with it.