Thread regarding Wells Fargo & Co. layoffs

I just had an idea to help Charlie do a much better job running this bank.

Instead of hiring one Yes-man after the next, Charlie needs to invest in a respected team of “devil’s advocates”. He needs advisors who are strong, confident, honest and have the foresight to stop him before some of his bad decisions get off the ground. Charlie needs to surround himself with several leaders who’s primary job is to give him the potential negative downside of his policies rather than always painting the pretty picture. For example, employees will always find a way around poorly thought-out policies: DE&I hiring quotas, spans and layers, any reports or tally’s which are measuring and creating a competitive atmosphere around productivity/sales etc.

Charlie has fostered a Yes-man culture where those who get ahead are those who agree with him. Essentially, he keeps hiring himself over and over again.

The best leaders enjoy the intellectual sparring that comes from their peers and subordinates, where their beliefs and approaches are thoughtfully and intelligently challenged. They seek—and often demand—that their most trusted advisors regularly challenge their thinking. This is not done in some misguided notion of playing devil’s advocate just to be a contrarian, but with the expectation and assumption that their advisors will likely improve their thinking and ultimately yield a more well-rounded corporation.

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Post ID: @OP+1mYwHl6V

11 replies (most recent on top)

This will never happen. Anyone that tells Charlie he's wrong gets the axe, up to and including OC members. You get with his stupid program or you go elsewhere.

The good news for us is that Charlie will leave in the next year or two to go sc--w up another company, so we can always play along or ignore him until he goes away.

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Post ID: @2aso+1mYwHl6V

Loudspeaker it

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Post ID: @2kqr+1mYwHl6V

Charlie could not make a great hire ever. Period. POS

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Post ID: @1ttc+1mYwHl6V

@1wkm+1mYwHl6V

Rich black men don’t mind being told they’re wrong from my experience. Nor do rich white men.

It’s poor men that tend to not have a growth mindset and hate being told they’re wrong.

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Post ID: @1ddm+1mYwHl6V

The yes man culture is JPM culture. That's why so many long time WF executives remain, they have to embrace Charlie's RTO agenda or get replaced

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Post ID: @1upn+1mYwHl6V

Charlie needs to go. Period

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Post ID: @1luk+1mYwHl6V

10th man rule.

If 9 people agree, a 10th person must take a contrarian view and assume the other 9 are wrong. The CEO then does what the 10th man suggests.

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Post ID: @1iic+1mYwHl6V

@1wkm of course you, the culture warrior, would focus on that.

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Post ID: @1sfi+1mYwHl6V

“ Since when do rich white men want someone to tell them they're wrong?”

About as often as rich black men want someone to tell them they’re wrong!

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Post ID: @1wkm+1mYwHl6V

Since when do rich white men want someone to tell them they're wrong?

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Post ID: @clm+1mYwHl6V

Charlie is mediocre. Jamie Dimon fired Charlie from JPMorgan.

Charlie has a record of jumping ship every 2 years for more money. He left Visa International for BNY Mellon. His strategy is to cut costs, take his golden parachute, and go the next company.

Charlie got total compensation last year of $200 million with an additional $2 million resulting from cost cutting.

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Post ID: @pju+1mYwHl6V

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