50 min
Sorry, Charlie... You Have To Go: CEO of Wells Fargo says Incredibly Stupid Thing The Notorious Banker
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- Business
Unbelievable day. We had to do a special podcast based on the idiotic comments that CEO of Wells Fargo Charles Scharf made in a Wells Fargo meeting in June. The racially charged comments (in my eyes) were made about his own employees in the midst of Juneteenth week, where his bank adversaries were working on celebrating the holiday on a grand scale for the first time.
NBC News Article that blew up Twitter!
Imani Moise Article that I first saw that morning
I ramble on for 45 minutes about what I think he meant by it (which is still not good), and how a lot of the time, just looking at numbers that bankers can't control can impact who gets promoted and who doesn't, as I experienced that myself in banking.
I also talk about how his CFO mentioned budget cuts which could mean job losses, yet Scharf still wants to double black exec jobs in that same time. Does that mean higher title for no pay raise then for those folks? I discuss how this statement could have been an offhand comment to discuss how execs weren't going to get bonuses for hitting diversity quotas.
I also talk about do I think he should resign..... Plus his "apology"
It's a complicated story I stayed up all night for. Hope you enjoy my podcast if this is your first!
MY PATREON Page! For as little as $1, you can help James in his fight against big banks. http://patreon.com/NotoriousBanker
NotoriousBanker.com for detailed info on yours truly, and ways you can follow The Notorious Banker
The Notorious Banker is on TikTok - @NotoriousBanker
Youtube Channel - Click Here
Sponsors -james@NotoriousBanker.com - Advertise your business with a growing, cutting edge podcast.
Visit our Twitter Page @BankBetterGuy - Bank Advice, humor, observations, deals and VIGILANTE CUSTOMER SERVICE & Host James B on Twitter @jamesbisright
Voicemail Line: 575-322-4127 (3M Max)
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Support this podcast: https://podcasters.spotify.com/pod/show/thenotoriousbanker/support
Unbelievable day. We had to do a special podcast based on the idiotic comments that CEO of Wells Fargo Charles Scharf made in a Wells Fargo meeting in June. The racially charged comments (in my eyes) were made about his own employees in the midst of Juneteenth week, where his bank adversaries were working on celebrating the holiday on a grand scale for the first time.
NBC News Article that blew up Twitter!
Imani Moise Article that I first saw that morning
I ramble on for 45 minutes about what I think he meant by it (which is still not good), and how a lot of the time, just looking at numbers that bankers can't control can impact who gets promoted and who doesn't, as I experienced that myself in banking.
I also talk about how his CFO mentioned budget cuts which could mean job losses, yet Scharf still wants to double black exec jobs in that same time. Does that mean higher title for no pay raise then for those folks? I discuss how this statement could have been an offhand comment to discuss how execs weren't going to get bonuses for hitting diversity quotas.
I also talk about do I think he should resign..... Plus his "apology"
It's a complicated story I stayed up all night for. Hope you enjoy my podcast if this is your first!
MY PATREON Page! For as little as $1, you can help James in his fight against big banks. http://patreon.com/NotoriousBanker
NotoriousBanker.com for detailed info on yours truly, and ways you can follow The Notorious Banker
The Notorious Banker is on TikTok - @NotoriousBanker
Youtube Channel - Click Here
Sponsors -james@NotoriousBanker.com - Advertise your business with a growing, cutting edge podcast.
Visit our Twitter Page @BankBetterGuy - Bank Advice, humor, observations, deals and VIGILANTE CUSTOMER SERVICE & Host James B on Twitter @jamesbisright
Voicemail Line: 575-322-4127 (3M Max)
---
Support this podcast: https://podcasters.spotify.com/pod/show/thenotoriousbanker/support
50 min