Thread regarding Wells Fargo & Co. layoffs

What is the difference between Scott Powell and Lester Owens jobs?

In other words, what does Scott Powell actually do that Lester Owens is not doing? Powell also oversees control now? Serious question.

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| 4051 views | | 12 replies (last June 7, 2022) | Reply
Post ID: @OP+1h4aBFXK

12 replies (most recent on top)

One is Non-Binary, the other is Non-Hexadecimal.........

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Post ID: @5tfi+1h4aBFXK

Scott is like a Lester with emotional intelligence.

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Post ID: @3gnm+1h4aBFXK

OP is just a pot-stirrer. one look at TW and you can see the answer to this. LO manages Operations reporting into SP. in addition to ops, SP scope includes but not limited to - innovation, digital, property management, etc

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Post ID: @3odh+1h4aBFXK

One is a white man and the other a black man

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Post ID: @3gww+1h4aBFXK

Friends Of Charlie, known by the acronym FOC. As Yoda would say, "FOC them both".

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Post ID: @2yfh+1h4aBFXK

I can’t understand how Nate Herman still had a job at Wells, considering RCSAs were paused. There is no way to look at that other than failure.

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Post ID: @2dox+1h4aBFXK

“What is the difference between Scott Powell and Lester Owens jobs?”

A few million per year in comp

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Post ID: @1jti+1h4aBFXK

Lester gets free kfc for the executives.

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Post ID: @stb+1h4aBFXK

Nate Herman overseas control and reports to Scott Powell. There was a dotted line reporting structure with the control execs reporting to the Business Line CEOs and a dotted line to Nate. That has been flipped and all control directly reports to Nate now (who still reports to Scott Powell). This is the same thing that happened with Lester Owen and the operations side.

I would really love to know what value Nate Herman adds. I have zero respect for him.

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Post ID: @acw+1h4aBFXK

Lester is just ops. Scott oversees much more than that

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Post ID: @wxz+1h4aBFXK

Yes he does oversee control, my guess is that eventually controls moves into its own vertical similar to irm

as far as the difference between scott and lester…i think you bring up a good point which is why i could see a change coming soon with their structure

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Post ID: @iqq+1h4aBFXK

Lester's the token diversity hire, Scott's paid to watch him and make sure he doesn't go nuts. I guess what's Charlie's paid for exactly? sit in his expensive bubble in New York and tell us the solution is investment banking. Talk about poor timing. For that matter what does Bill do exactly, he sure doesn't seem to have any Democrat political friends , they're always knocking for money and bashing the place.

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Post ID: @vue+1h4aBFXK

Powell is building a fiefdom for taking over when Scharf leaves.

If WF employees are unhappy under Scharf, just wait until Powell gets the big chair.

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Post ID: @mlf+1h4aBFXK

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