Thread regarding U.S. Bank layoffs

RMC and audit have several leaders with dozens of ethics complaints, but nothing happens.

I reported something at this company that I had financial proof of to a higher level SrVP direct. I was a manager and reported my manger. Long sorry short, while I was out for two weeks, I returned to a “restructure” and I was no longer a manager.

Ki-led my career at this company right there. This is not an ethical company, just maybe less criminal than others.

I wouldn’t report it unless you have concrete proof. Word travels fast, and you could quickly find yourself out of favors. Even if you report it, HR will likely sit on it for months without a proper investigation, frustrating you to no end. Their strategy is often to wait it out and see if you leave. Bank HR is one of the most useless departments we have—right up there with our CIOs. And yet, Ethisphere calls this the most ethical company on the planet. What a joke. The company is full of toxic, backstabbing leaders.

"I can attest that the ethics line will keep your identity anonymous if you wish...."

Ethics line? 🤣🤣🤣 At US Bank? Ethics? 🤣🤣🤣 Oh my that's rich!

The anonymous part is even funnier.

Send Gunjan and the board members an email. Be specific. Copy Katie Lawler, Elcio Barceles. They’ll investigate. Not because they care, but because they’ll be accountable. The claims will be found to be unsubstantiated, of course. But they have to log it and eventually they’ll have to decide: “do we continue to believe the leader even when there are dozens of allegations?’ They don’t have the stomach to carry much risk and when it is in a metric like that, they respond. That is what incompetent leaders do. The minimum. Long after they should have taken action.

If you have an ethical complaint, submit it to the ethics line, in writing, in detail, naming names and the objectionable concerns. To ensure the ethics team does what they are supposed to do with the compliant, forward a copy of same to the Chairman of the Board of directors for US Bank and or US Bancorp, the holding company.

To ensure the necessary visibility, include a copy to the Federal Reserve Bank and the Office of the Comptroller of the Currency for their awareness.

Finally, to ensure the bank pays attention to the concerns, include copies of the complaint to the largest shareholders of USB, specifically Vanguard Group, Blackrock, Inc., State Street Corporation, FMR, LLC, Charles Schwab Investment Services, MUFG Bank as well as JP Morgan Chase Bank, they have a vested interest in any wrongdoing in their multimillion dollar investments in US Bank, the USB officers have to listen to shareholders in this environment, much more than they would listen to an employee regarding the concerns raised.

It's US Bank if you happen to work in CBB and get a bad review or you don't like your boss, your attempts to sleep your way to the top stopped working after the bank fired your disgruntled 2nd husband who you used to be your manager(before and after your affair with him ruined your marriage) and now you actually have to perform work without being drunk at offsites, or fill in the blank reason... just make up a supposed "incident" and despite your track record of being a work wh--e, self promoting, fomo addict, and serial liar, you'll get to remain anonymous and the person you target will be in the position of having to prove a double negative and Tu-d Sherman will gladly walk said leader out the door despite evidence to the contrary to save the bank a few nickels and you won't even be fired for filing a provable false claim (as stated in bank policy), he-l you may even get promoted to the POA team.

Sounds like this is an exec in RMC. There are several who have more ethics complaints than you can shake a stick at, but nobody knows nuthin’!

My advice is to make the report despite blowback. It will need to be documented should you decide to sue later. Make the report and keep notes at the end of the day of all that has happened. Keep the book at home and not at work. If you experience retalliation sue. The laws in MN changed in 2024 to be more supportive of the employees. Document, document, document. You may be retalliated against but it will allow you to be compensated for that later.

Does this exec happen to be in marketing?

I can attest that the ethics line will keep your identity anonymous if you wish. That said, when reporting parties include contact info, those cases see higher rates of success when CIT is able to reach back with additional questions, which will surely arise.

HR employee here. The ethics line IS confidential. A third party sends the concerns to the bank and uses a reference code for tracking. Any concern that comes through has to be reviewed and responded back to. Even when a complaint is anonymous, in case the caller wants to call back for an update. If you don't give your name, they have no way of knowing it is you. Having said that, depending on what information you provide, they may be able to figure out who reported it and they will do their due diligence to investigate. I've worked for many different parts of HR, for a long time, and I don't have much faith in the leadership, but I would 100% trust the investigation team to make ethical decisions and suggestions for performance management decisions.

I should have mentioned, the ethics hotline. I don't trust that at all to keep my name confidential.