John Stumpf


Chairman, President and CEO

Wells Fargo

Growing up with 10 siblings on a farm in the Midwest, John Stumpf knows firsthand the value of community. Though his hometown in rural Minnesota was predominantly white, Stumpf's world broadened considerably as he moved up the ranks in the banking industry over three decades. He says he's learned that everyone, regardless of his or her background, has similar needs for respect, relationships and responsibility.

Stumpf was at the helm when Wells Fargo acquired Wachovia in one of the largest corporate mergers in history. It was his personal touch that contributed to its success.

At a company with more than a quarter of a million employees, Stumpf takes personal responsibility for diversity, chairing the diversity council and reporting diversity results to the board of directors. He also requires all managers who report to him to mentor an employee from a traditionally underrepresented group. "We want an inclusive environment," Stumpf told DiversityInc CEO Luke Visconti. "We want people, when they come to work here, to have the freedom to express themselves and to share what I call plural pronouns: us, we and ours."

Stumpf joined Minneapolis-based Norwest Corporation in 1982 and held several management and regional leadership posts before becoming regional president for Norwest Bank Texas in 1994. After Norwest merged with Wells Fargo in 1998, he headed the three-state Southwestern Banking Group and then the 10-state Western Banking Group. In 2000, Stumpf oversaw Wells Fargo's acquisition of Utah-based First Security Corporation, and in 2008, he led the bank's historic merger with Wachovia. He was named President in 2005, CEO in 2007 and Chairman in 2010.

Stumpf received his bachelor's degree in finance from Minnesota's St. Cloud State University in 1976 and his MBA from the University of Minnesota's Carlson School of Management in 1980. He sits on numerous boards including The Clearing House, The Financial Services Roundtable, Target Corporation, Chevron Corporation and Junior Achievement of Northern California. He is also a trustee of the San Francisco Museum of Modern Art. He and his family currently live in California.

Starbucks: Don’t Close the Stores, Close Corporate Headquarters

Starbucks CEO has an epic fail in grappling with his racism problem. He is unprepared, and has no clue about how to be prepared. Don't expect this to end well.

Luke Visconti is the founder and CEO of DiversityInc. Although the title of his column is meant to be humorous, the issues he addresses and the answers he gives to questions are serious — and based on his 18 years of experience publishing DiversityInc.

In the aftermath of the racist incident in a Philadelphia Starbucks store, the company is going to close 8,000 Starbucks stores on May 29th for hastily prepared diversity training.

It's a mistake.

Read More Show Less

Leaders of Lambda Chi Alpha fraternity at California Polytechnic State University in San Luis Obispo have resigned after racially charged photos, including one with a student in blackface, appeared on social media. But the one sporting blackface, identified by The Tribune as Kyler Watkins, may not face disciplinary action from the school, according to Cal Poly President Jeffrey Armstrong.

Read More Show Less

Flurry of Fouls Is Hurting NBA: Bryant

Rule changes like the outlawing in 2004 of hand checking had led to a less exciting game too often interrupted by a referee's whistle, said Bryant.

REUTERS

(Reuters) — NBA officiating has become too strict and is robbing the game of its physicality, helping less skilled players succeed while disrupting the flow of contests, five-time champion Kobe Bryant said on Wednesday.

Read More Show Less

From Housing Projects to TV: Tracy Morgan Gets Hollywood Star

"When I was a poor kid growing up in the projects in Brooklyn, I would never dream of having a star on the Walk of Fame," the comic known for his cringe-inducing style said.

REUTERS

(Reuters) — Comedic actor Tracy Morgan, who rose to prominence on sketch comedy series "Saturday Night Live" after growing up in one of New York City's toughest housing projects, said he felt right at home receiving a star on the Hollywood Walk of Fame on Tuesday.

Read More Show Less

Dope Whisperer Trump's Executive Order on 'Welfare' Is Another Dog-Whistle to Racists

How the master of fantasy facts' latest executive order perpetuates racist (and false) stereotypes about government-assistance recipients.

REUTERS

President Donald Trump quietly signed an executive order on Tuesday designed to make changes to public assistance programs in the United States. Per the president's outline, low-income Americans receiving assistance when it comes to food, housing and medical benefits must enter the workforce or potentially lose their benefits.

Read More Show Less

Porn Star Daniels Loses Bid to Question Trump

A judge said on Thursday that the request to depose Trump and his personal lawyer Michael Cohen was premature because they had yet to formally request that Daniels arbitrate her claims.

REUTERS

(Reuters) — A federal judge has rejected adult film star Stormy Daniels' request for permission to question Donald Trump and schedule a trial soon in her lawsuit to end her agreement to remain silent about her alleged sexual encounter with the president.

Read More Show Less