Thread regarding Wells Fargo & Co. layoffs

From Collins’ “Good to Great” - he’s a fraud like our leaders.

Jim Collins attributed the success of great companies to its leaders – “Level 5 leaders” who were able to work with vision, humility and discipline, having the ability to pick the right people for the right job and the guts to fire the wrong kind of people. Wells Fargo had many great leaders at its helm right from the beginning. Richard Kovacevich steered the company through a series of mergers to make it one of the most powerful banking companies in the United States. As a transformational leader, he led the company with slogans such as “Mind share plus heart share equals market share”. Kovacevich believed that employees must care about what they do and they need to have a passion and commitment for the work. Kovacevich spent a lot of time with his employees, giving them appreciation and motivating them towards better performance.
He was a “Level 5 leader” as defined by Jim Collins as was Di-k Cooley of Wells Fargo.

To conclude, one may say that Wells Fargo was a company that made the leap from being good to being great by having a mission-based approach and great leaders with vision and humility; dealing with the simple business of banking with the aim of serving the people profitably; sticking to the mission and vision with commitment; passion and discipline; always ensuring that the right people were there for the right job and the wrong people were fired and finally, using technology to maximum benefit to ensure competitive advantage.

Why did Chainsaw “really” leave Visa..as he remains on the board of directors at Microsoft?

My sources suggest some Weinstein type behavior. And an arrogance of white privilege that other leaders ignore for their hefty paychecks.

Chuck, Daley, Carrie, Sloane, Stumpf, MSNBC fav Di-k Covaccich, and so many others got rich while watching this company destroy people to this day.

The “great” author Jim Collins who featured Wells in his sh-t book Good to Great needs to speak out on the lax inept execs we have. And admit he was so wrong.

the us corporation is and has been in a lot of trouble. Onward and downward.

Post ID: @eix+1hTshhyX

It might be time to lighten up on the chewing tobacco and steroids.

A shitshow will be a shitshow. No greater understanding is needed.

Post ID: @xex+1hTshhyX

Is that a serious question? Why don’t you take a stab at it first. Use your experiences as a WFC employee + your knowledge of our CEO + read the news + look at WFC US job sites vs WFC India job sites. What do you think?

Why is Wells Fargo still hiring in the US if Charlie wants to offshore workers?

250,000 employees might be too large a number in a world where we have leaders who invest in effective technology rather than corporate stock buyback plans, a forward- thinking innovative C-Suite and BOD, a healthy corporate culture which attracts and retains talent, excellent hiring and training practices, and an organized intelligent reduction of political bs and redundancies. WFC has none of these positives going for them.

Charlie is chopping and offshoring employees and costs without having a solid functional foundation/framework in place first.

I would liken it to the condo building which collapsed in Miami last year. The builders skimped on the structure and materials, the owners were not properly informed as to the realities and potential consequences of the aging decaying structure, the home owners preferred to spend money on new kitchens and baths rather than the HOA fees required to properly maintain the structural integrity of the building, the HOA leaders had conflicts of interest between making the hard decisions and keeping their positions, everyone kept kicking the can down the road and crossed their fingers nothing terrible would occur on their watch.

All corporations are like this. Anyone that has worked for any amount of time knows this. It is the whining people like the OP that make it suck. It’s called work for a reason, you are supposed to work. If you don’t enjoy your job then move on. Why is that so hard for babies like the OP to understand?

The board and executive suite are only there to pad their pockets while destroying this great company, then they leave when it's a shell of the former company. We were the leader in mortgages, and now leadership is turning its' back on that business. Leadership talks about expanding cc, remember last year they were going to sell it, but didn't because customers balked? Now we want to compete against JPM and Goldman, already established companies? Yes, we are in trouble.

“Ask not what you can do for your company, but ask what your company can do for you.”

Great post. We should all have the attitude that others need to do more for us, and there’s no reason we should ever look within to strive to be better unless others do it first.

True leadership.

The funny thing is the most critical factor of culture is cohesiveness. This is a direct contradiction of the id--tic diversity policies being shoved down our throats.

The problem is that 250k people is too many for this company though. Otherwise, you are right.

This is so true. I worked for diner owned by the two nicest and supportive owners. Although my job was to seat people and run the cash register, I always pitched in when I could help during super busy times. I often cleared tables and did whatever. These owners were the best and had a really popular diner. Funny how if you treat your employees well, the money rolls in.