page 45
https://www.federalreserve.gov/supervisionreg/resolution-plans/wells-fargo-2g-20210701.pdf
Whole thing is a good read - they literally had to restructure the company to comply with regulators demands to fix the bank.
Very interesting.
- 13 Human Resources
The Company’s Human Resources team maintains a comprehensive employee retention strategy to retain key employees during a period of financial stress. The Human Resources team designed the strategy to identify key employees necessary to support the Preferred Resolution Strategy and Recovery Plans, to maximize the number of employees retained, and to deploy retention packages and payments. We regularly
review and update the list of key employees and retention packages so information remains current should financial stress occur.
As a part of our resolution preparedness, we recently conducted a successful simulation of our employee retention strategy. The purpose of the simulation was to assess the feasibility of executing our employee retention strategy within the prescribed timeframe should the Company experience a severe financial stress
event. The simulation involved all lines of businesses and demonstrated our ability to conduct the entire process, with all necessary stakeholders, on time or ahead of schedule.