I was happiest working for Stumpf before the news of the scandal broke. Yes it was all an illusion but business was good, bonuses were good, stock was high, managers ran their own departments and it felt like we were all working together as one team with leaders who at least appeared to be in our corner.
With Scharf, I feel like I’m struggling to survive under a currupt and ineffective authoritarian dystopian leader who’s goal is to destabilize and devalue those beneath him.
Stumpf was my best years.
I never questioned so many decisions until scharf. When you start your first townhall with the statement “I thought I was joining a cult because people used the term teammate.” You might be a psycho and mo--n leading the organization.
stumpf
I worked with Sloan for several years long before he became CEO. He IS a good person. He was the patsy for all the mess that came before him.
Kovacevich was the best and I think if Sloan had a longer term he would have been my top pick.
Definitely true Wachovia was the downfall. Not that they were responsible for the sales practices stuff, but adding their culture mix in such excess to wf and creating the sheer size of a bank it did brought too much scale for things to go wrong which escalated fed scrutiny. Of wf remained a regional player , the fall out of sales practices would be less and shart/nyc likely doesn’t take the reigns of the regional
Wf let way too many Wachovia employees flourish and run the company. They were a failed bank and should have been minimized. Would have been great to see them eaten by Citi instead of wf lol.
Kovacovich and Sloan
Norwest was the best. The culture of caring. Kovacevich. The last best thing that has happened to Wells Fargo was being acquired by Norwest. The first mistake was Norwest taking on its name. It's been downhill from there.
First Union was the CLT yahoos
Wachovia pre FU was a great place to work
Stop blaming Wachovia for your problems. The fake account scandal dates back to 2002. Things were best under Sloan.
@hxw+1qQF7cw3 No one blaming the failed Wachovia for sales practices. Blaming the failed Wachovia for the start of the degradation of the culture of wf. Adding all these CLT yahoos was insane
Anytime before the 2016 scandal. That's when WF decided to take it out on their US employees. It has been take away and take away some more every since. Wachovia was great and the height of my happiness here but Golden West and other stupid decisions doomed it. You have to give credit to WF for not bowing to Fannie and Freddie during those pre-crisis years. If it weren't for WF, Wachovia people (including myself) would've been out of a job. CITI would've been disastrous. That being said, they lost all credibility and the dream job ended in 2016 with each year progressively getting worse.
John Medlin
Wachovia was not the problem. Get over blaming Wachovia for the WF sales scandal that got us where we are today
I never really cared too much who the CEO was, until Shart. F that guy.
I liked Sloan. His time was short but it felt like he cared and he did great things with paternal leave and extra personal holidays. I thought anyone before CS did a better job. Now I feel like we work for an Indian company and not a top United States bank.
@wgj+1qQF7cw3 Not really. Wachovia was a failed back. Wf saved it and you, never forget pal.
Definitely better with DK. Stumpf always seemed inauthentic and smarmy to me. Sloan seemed like a human being that wasn’t a total ahole. I have nothing good to say about chainsaw. He ki-led whatever was left of fun or caring about people (or at least pretending).
Wasn’t a legacy WB person, but based on the stories I hear, that was a good culture too. The merger was bad for both sides and accelerated the sales practice issues.
Scharf by far!
Di-k was my favorite leader! Not afraid to humble himself in front of employees (His Di-k Jagger act was hysterical)... the rest are just one letdown after the other.
NONE, It was better when I worked for Wachovia, WF ruined what was once a great place to work.
Wells used to have a great culture and great Team Member morale. Not only that, the company promoted from within. People had the opportunity to move up in the organization.
The current Wells Fargo could not be more opposite. The atmosphere is so bad now, it has to be intentional. The plan is working as designed!
"Anytime before Wachovia merger, Wachovia ruined this company"
This is all anecdotal, but it seems to me that the majority of who I saw being laid off over the last year (myself included) are legacy Wells Fargo team members.
Anytime before Wachovia merger, Wachovia ruined this company
Remember the days of service awards, and Wells Fargo ponies, and random awards, and working remotely?
Kovacevich > Stumpf > Sloan > Scharf
I prefer the earlier years' PACA (People As a Competitive Advantage) to the current culture of PAN (People As a Nuisance).
Sure. I had a good group and an experienced manager under Stumpf. Scharf got rid of our manager and dotted lined us to an out-of- town guy who doesn’t understand the basics of our department and couldn’t care less about us or the bank.
Kovacevich-yep!
my happiness has more to do with my manager and group as opposed to enterprise leadership. doesn't matter who's in charge, there will always be unhappy people.
Kovacevich anyone?
Kovacevich.
Stumpf had no problem blowing a lot money on his employees, and at least he acted like he cared and wanted to be the CEO. Charlie just looks like he hates his job and everyone here.
“Culture of Caring”(even if it was a facade) felt real under Stumpf, is long gone. Tim Sloan was always warm and friendly to us worker bees. That went a long way with me.
Back when stumpf was here I had hopes and dreams of one day being great.
That being said, I make way more now.
Under Stumpf, for sure. Agree with every word you have said. An illusion, worth remembering…