If you're like me, please voice up. I joined Wells just about the time when first inklings of the cheating the customers scandal began to hit the media. I was all in before I realized "Oh Sh&t, not again!" Still here, but honestly, it still makes me sick.
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To those who indicate that one should leave Wells because of the negative past should also be aware that that position can be short-sighted. Everyone's personal situation differs from the other. There are so many things that go into searching for and deciding upon a new job that simply being upset will not always warrant a move. Moreover, what guaranty is there that the company to which one moves actually turns out to be a good move? Things can go wrong at a different company as well.
As someone who works in a LOB far removed from where any of the scandals occurred, I wanted to give the organization the benefit of the doubt because I know that I work directly with a lot of good people.
Now, the fallout and repercussions of the whole thing are negatively affecting me and my colleagues in ways that I had not foreseen and this has caused me to lose faith in the company as a whole… and I can say without a doubt that many of my peers share this sentiment as well. It’s sad because it didn’t have to be this way.
There are approximately 250,000 great workers here who had nothing to do with the scandals, and continue on.
IMO it is not CEO and the EVPs. It’s all the SVPs. They are the source of the grid lock. I can point to dozens upon dozens I’d throw under the bus. Years Of ineptitude and inability to make decisions. There should be a survey titled, “Name 15 SVPs you would terminate, and why?”
I would still fire the CEO and EVPs for not reigning in the SVP problem.
You can do a good job, take full advantage of what the company does offer, and still be disgusted by the past sins of Wells.
Who are you talking about, specifically? The vast majority of higher ups have been replaced, some roles more than once, in the years since the accounts scandal.
Worked here a long time, had a bank account here longer than that since one of my parents worked for WF as well.
I used to be fairly proud to tell people I worked here. Now I just say I work for a large bank and leave it at that. I never wear anything they've given me to wear because I would be ashamed to be advertising that I support the bank leadership's behavior.
Working on making an exit despite my manager doing everything they can to keep me happy. 2+ decades of proprietary systems, processes, and people knowledge will leave when I do.
" Stumpf saying the issue wasn't material to WF stock price (thus, no report to SEC) should have qualified him for prison time."
It would've been malpractice for his lawyer not to raise materiality as a defense. Then the lawyer should go to prison.
So, your solution is to leave a company where most of us did nothing wrong and again the majority of us do not even work at the bank where the scandal occurred? We should abandon ship and hope those left are the picture of integrity? How about if we stay and make sure things are done correctly. Literally, not all of us are incompetent. Some work in risk, legal, project management, IT support that helps update our dinosaur systems, etc. Sounds like you are a disgruntled employee or a previous customer that wasn’t treated well. If so, sorry for whatever happened but people also need to make a living and are capable of doing valuable work, regardless of the past.
Embarrassed, sick, angry, disgusted, hate etc… but nothing can make you deny the paycheck and severance. You people need to put up or shut up. Beggars can’t be choosers. Get real and deal with it.
That’s why we need Charlie to clean house of all the legacy wells senior people who let it happen on their watch
OP. Why still here and making yourself sick?
Not only does it make me mad that we are in this never ending issue and what happened to customers, I get annoyed with all my coworkers that were shrugging their shoulders back when the news hit. At that time, I explained at some point we were going to pay enterprise-wide for the banking leadership’s actions. Here we are. Laying off people in IT, legal, lending, customer service, risk, etc. I get we are bloated and cutting costs. However, some areas need more people and more expertise- not outsourcing.
Livid every day. Disgusting that no one was jailed, while innocent employees (in addition to customers) are paying the price for the corruption.
Tolstedt still fighting back after her horrific activity makes me sick. Stumpf saying the issue wasn't material to WF stock price (thus, no report to SEC) should have qualified him for prison time. Many more egregiously involved in the original scandal and numerous others across LOBs after that.
Greed is NOT good, despite what Gordon Gecko said.
Doesn't make my top 10 for things to worry about, sorry. I know I'm supposed to be all guilt ridden over something I had nothing to do with, but I'm tired of the conga line of company 'leaders' blaming me for all the company's ills every single day. Not sure if it's part of their plan to motivate attrition, but all it's doing here is motivating "tune out". I know my job and I do it well. Their negativity is just a distraction I don't have time or patients for.
Even though the sales scandal happened years ago, the company continues to deal with it. @npl you are pretty ignorant about what is happening with the company you presumably work for.
I'm here because of a merger. Old enough to retire but I'm hanging around for a package out of spite.
You actually think about this? I don't even give it a second thought. It's what 6 years ago, and the events occurred like 7-11 years ago, and I had no involvement. I guess if i was one of the sl--e ball sales people who got fired i would feel attached to the topic, but im not. The entire company has already turned headcount a couple times over. Plus people have had 6 years to find another job. Go look at some of the other large banks out there, they have about 3X the number of issues and fines. This is a good bank and has good people working here.
I joined in 2014. I knew then, based on things I observed, something was not right. I finally quit this year. The fact that nobody went to prison over it is an outrage!
Same here. Started 2016 and then it was “I’m too old for this cr@p” I wish they’d just lay me off so I don’t have to be embarrassed about working here anymore.