Thread regarding Wells Fargo & Co. layoffs

It appears our BOD didn’t ask the right questions when hiring our CEO

Here's How to Tell Within 5 Minutes If Someone Will Be a Good Leader

Human beings are inherently relational. It's how we learn, grow, and survive as a species. In the workplace, it's no different. We long for the same close bonds and connections with colleagues, managers, and customers, in the pursuit of purposeful work and strong collaboration that produce meaningful results.

It's inconceivable how thousands of companies still operate in toxic work cultures that severely affect employee wellbeing, teamwork, productivity, and their bottom line.

Defeating the problem of toxic work cultures starts with one foundational premise: Building up leaders that set the tone for creating a positive environment for inspiring human performance.
Dr. Jim Laub, a leadership scholar and one of the pioneers in the field of servant leadership, has done extensive research to discover the characteristics of high-performing organizations. His study resulted in the development of a widely-used assessment tool -- the Organizational Leadership Assessment (OLA) .

Dr. Laub's work continues to be at the forefront of research to answer the question "why do leadership structures and company cultures fail so often?" Whether your company is a startup or an established firm, there are questions that must be asked in order to find out if a leader has what it takes to get the best out of employees.

This list is just a short sample straight out of Laub's SLP Self-Assessment, which, again, are founded on his seminal research on organizational health.
Answering these ten questions (honestly) with "often" or "almost always" would certainly indicate that a leader will be fit to lead at a high level:

  1. I trust my workers
  2. I create an environment that encourages learning & growth.
  3. I allow my workers to help determine where our team is headed.
  4. I am trustworthy.
  5. I work to maintain positive working relationships.
  6. I don't hesitate to provide the leadership that is needed.
  7. I give my workers the power to make important decisions.
  8. I provide the support and resources needed to help my workers meet their goals.
  9. I am open to receiving criticism & challenge from others.
  10. I use my power and authority to benefit my workers.
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| 3036 views | | 36 replies (last June 4, 2021) | Reply
Post ID: @OP+1b4Kvp7C

36 replies (most recent on top)

@7hla+1b4Kvp7C. My manager does not care for any of his employees personally. He only talks about work. Not even a how are you? Is there anything you want to discuss? His one on one is a pure work dumping session. He talks you listen. He only wants the work to get done and it doesn’t matter if you ki-l yourself over it to make the deadline. Those who work work very hard, he keeps giving them more work to do. Those who do not do anything continue to have nothing to do.

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Post ID: @7txa+1b4Kvp7C

A lot of comments about Charlie not caring. Do you really think at the end of the day most managers care about you personally ? Get over yourself - they don't. Some managers are very good at caring in the moment or while on their team - yes. But once you or they take another role - on to next. So in the end the reality is you should not waste time or energy worrying about what others care about because it probably not you or the same things you care about. Worry about your own actions and care for yourself by learning and growing and getting past all this petty cr-p. And maybe ask yourself the next time you are complaining about a specific person not caring about you ... do you care for them ?

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Post ID: @7hla+1b4Kvp7C

@1hde. They could have done better. They were determined to get a Chase protege from the outside. That was what they got, with all the problems that entails.

Anyone with half a brain could see it coming.

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Post ID: @5tjp+1b4Kvp7C

@1rbr+1b4Kvp7C

I’ve studied the man… Charlie is going to get rid of all dead wood ASAP, and more.

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Post ID: @5oju+1b4Kvp7C

A bottom-of-the-barrel CEO for a company that has made its forte scraping the bottom of the barrel.

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Post ID: @2xig+1b4Kvp7C

@1vfq+1b4Kvp7C It’s not a matter of supporting Charlie or not. It’s a matter of living in reality. Whether or not you or I support Charlie makes no difference to Charlie or anyone else, and won’t change the situation one way or another.

I see Charlie as no different from a rat feeding off the carcass of a dead dog in an alleyway. Does Charlie care? No. Does my opinion matter to him or anybody else? No. Does it change anything? No.

Charlie was willing to take the job. The outcome would have been the same no matter who they found to sit in the chair.

The dog was already dead.

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Post ID: @2vdi+1b4Kvp7C

I would recommend going back and reading WF news articles from around this period. It is rather instructive, e.g.

https://dealbreaker.com/2019/06/literally-no-one-wants-to-be-ceo-of-wells-fargo

Scharf was the best they could do. Take that as you will.

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Post ID: @1hde+1b4Kvp7C

@1dlr+1b4Kvp7C. Bingo. Employees are less than subpar and yet expect CEO to be perfect. Aka no laying off dead wood. Dream on whiners

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Post ID: @1fmh+1b4Kvp7C

Unfortunately, toxic leaders have their enablers and followers. People are willing to support bad leaders because it gives them a false sense of power. Some put a greater value on results, than how those results are obtained. They rationalize bad behavior. They prefer to conform rather than become a leader themselves.

I have always viewed followers and enablers as weak.

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Post ID: @1aal+1b4Kvp7C

Post ID: @1rbr+1b4Kvp7C

Every crooked p-t has a crooked lid.

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Post ID: @1shj+1b4Kvp7C

maybe he has no idea what he is doing like the rest of people working in this bank; seems like exact match

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Post ID: @1dlr+1b4Kvp7C

@1vfq+1b4Kvp7C Not this shareholder. I want Charlie to get rid of all dead wood ASAP

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Post ID: @1rbr+1b4Kvp7C

Ha! Amused that that some people recognize that Charlie isn’t a leader, but still support the decision of the Board. Am I reading that right?

Seems to me that more thought and work is put into hiring a $50,000 employee, than went into hiring Charlie.

For however tens of millions of dollars he is making these days, we’ve got a one trick pony who’s only claim to fame is firing people. I’m amazed that anyone would support him. It seems to me we deserve more than “the only guy who would take the job” for that kind of money. I think shareholders should take both Charlie and our Board to task.

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Post ID: @1vfq+1b4Kvp7C

@1awg+1b4Kvp7C. Nice CEO like Stumpf. He was nice and he cared about me He didn’t lay people off.. I studied him too. He is not evil.

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Post ID: @1dwp+1b4Kvp7C

@1dbw+1b4Kvp7C. Nah. Whining is better. I like to whine and “study” Charlie. I have been studied him and I know him well. He is evil

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Post ID: @1ais+1b4Kvp7C

False premise OP. The BOD wasn't looking for a leader, and therefore the questions they asked had nothing to do with finding a great one. What the board wanted was someone to greatly increase efficiency and to get the regulators off our backs. CS will spend a few years doing that and then the "nice CEO" will come in once the dust is settled and he/she won't be burdened with laying off tens of thousands. Really not that hard to follow the bouncing ball on this one.

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Post ID: @1awg+1b4Kvp7C

It's truly a sad, sick culture for sure. It is very unfortunate but it's not going to change. All you can do it find something else and leave. It's like a bad relationship, it takes two, and it has to be in balance, a mutual respect and understanding. That does not exist here. The more you stay in it, the more it affect you and rots at your soul. They don't view us as people, we're just heads, numbers, "headcount." Not human beings.

I work for someone who doesn't even do one on ones. Everything is a transaction to them. You're just a pawn, another number and robot on an org chart. And so am I.

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Post ID: @1dbw+1b4Kvp7C

When I first came to Wells, our culture was so good other companies were hiring consultants from us to spread the magic to them.

Layers of management from direct to 3 up would grab drinks with us after work. It was like a blend of big corp and family. I'm endeared to all these people for life.

But after a decade of constant re-orgs there is nothing left of that culture. Managers don't even know their reports anymore, much less 3 down.

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Post ID: @1fee+1b4Kvp7C

Move along, there’s nothing to read here…

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Post ID: @1ncp+1b4Kvp7C

Post ID: @1xeo+1b4Kvp7C

Oh yeah. I remember now. You are the loser who is out here so much you think you know one poster from another.

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Post ID: @1iby+1b4Kvp7C

: @nqx+1b4Kvp7C If the answer is Ophrah said, I always question the question.

I’m slower than most but noticed her agenda over the last 25 years.

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Post ID: @1aov+1b4Kvp7C

@amx+1b4Kvp7C. Oh yeah. I remember now. You are Charlie stalker and also the one who upticks his own posts.

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Post ID: @1xeo+1b4Kvp7C

Post ID: @bkq+1b4Kvp7C

Hello fragile sensitive whiner. Still sad because sucking up doesn’t work for you?

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Post ID: @amx+1b4Kvp7C

@bnm+1b4Kvp7C Hello fragile sensitive whiner. Still sad because Charlie does not care about you?

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Post ID: @bkq+1b4Kvp7C

Post ID: @abu+1b4Kvp7C

OMGeez you whiners still torture yourself and miserable because people despise Charlie?

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Post ID: @bnm+1b4Kvp7C

OMGeez you whiners still torture yourself and miserable because of Charlie?

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Post ID: @abu+1b4Kvp7C

The BOD didn’t hire a CEO to grow the company or create a desirable place to work. Which is why it was so hard to find anybody willing to take the job.

They hired a CEO to sell off divisions and slash the payroll.

The article is completely moot.

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Post ID: @moo+1b4Kvp7C

This list is missing an important statement:

I trust and respect my leadership.

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Post ID: @tfk+1b4Kvp7C

Street rewards Charlie greatly. Shareholders are happy. Charlie is here to stay. Live with it whiners. Don’t like it? Leave! the door is wide open

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Post ID: @ndc+1b4Kvp7C

Good article. Our Board just keeps making bad decisions, one after another.

Anyone watch Scharf testify before Congress a couple days ago? The guy can’t talk for even three minutes about the company he’s in charge of without reading from a teleprompter.

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Post ID: @ozy+1b4Kvp7C

Post ID: @nqx+1b4Kvp7C

And your point is?

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Post ID: @pnn+1b4Kvp7C

The BOD wanted someone to cut costs and drive up the price of shares they hold. That is why they selected someone like Scharf.

All of these corporate boards are just big circle jerks anyway. Executives are one corporation are on boards of another forming a club where they give each other big stock awards and salaries.

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Post ID: @ofo+1b4Kvp7C

Oprah can tell you how to spot a good CEO in 3 mins too. She also has 10 must ask questions. Dr Phil too and it’s 12 questions not 10

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Post ID: @nqx+1b4Kvp7C

board members should have their own questions and requirements when interviewing. Not being a parakeet repeating questions from someone suggestion list.

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Post ID: @hvx+1b4Kvp7C

Well Charlie was hired get over it

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Post ID: @nzy+1b4Kvp7C

There’s some serious flunkage there!

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Post ID: @goh+1b4Kvp7C

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