Thread regarding Wells Fargo & Co. layoffs

Why are so many employees financially illiterate?

Seeing random posts that may be trolls, but seriously afraid these are actual employees. You work for a financial institution! Learn about money and how it can work for you!

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Post ID: @OP+1jypwz5fc

11 replies (most recent on top)

I once knew an engineer who came from Ford Motors. All he knew was six sigma, but he had no knowledge of banking field or financial stuff. I asked him something about balance sheet and income statement, he had absolutely no clue. I still don't know how he got a job
as a manager with the bank unless he had a political connections. He is no longer with the bank. I think he got fired.

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Post ID: @hy+1jypwz5fc

Hands on Banking is a free Wells Fargo resource to teach people about basic finances. Anonymously send them the link. :)

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Post ID: @fh+1jypwz5fc

Things tend to get "mediocre" when you S on employees for years on end, leadership is packed with liars, and people see no future in a company. Who do you think leaves first? Those most able to do so. Our challenges in this area are completely self inflicted.

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Post ID: @cx+1jypwz5fc

Not surprised given mediocrity of our workforce.

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Post ID: @b9+1jypwz5fc

The cobblers children have no shoes

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Post ID: @ae+1jypwz5fc

I ran this by Gary and he was patient at first, but then became very moody and fidgety as he kept thinking about it.

The last time I saw him like this, he was lecturing a parking meter about something. We didn't see him for about a month after that.

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Post ID: @ac+1jypwz5fc

Because Wellsfargo pays peanut to bottom employees. Wellsfargo bottom employees are poor except management people.

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Post ID: @aa+1jypwz5fc

I feel your pain OP, and the reality is that the vast majority of people don't manage money well, in any industry. Also, most of the people posting about such things here are trolls.

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Post ID: @a9+1jypwz5fc

No, I don’t have that assumption.

I do know that if I worked at Fender and I could retire if I would just learn to play Jingle Bells and they offered all kinds of free lessons, I would be learning to play that guitar.

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Post ID: @a7+1jypwz5fc

Do you have this assumption about all industries? Are you under the impression that everyone working at Fender or Gibson knows how to play guitar well? Do you think everyone working at DuPont is a skilled chemist? Do you think everyone in NASA has been to space?

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Post ID: @a1+1jypwz5fc

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