Diversity Management, News and Updates
Wells Fargo CEO Charlie Scharf has apologized after offensive and inaccurate comments he made about diverse talent pipelines on a Zoom call this summer were made public. Reuters broke the news on Sept. 22 after uncovering details of the Zoom meeting in which Scharf lamented a lack of Black talent…
Over the past few months, COVID-19 has changed almost every aspect of business. Furloughs, layoffs, and mandatory work-from-home orders have forced corporations to reassess “business as usual.” The overarching lesson adaptable companies have embodied is that the way things have always been done need not be the way things always…
The outbreak of the novel coronavirus (COVID-19) is affecting more than just the physical health of Americans and people around the world. As governments shut down nonessential businesses, the economy is taking an unprecedented blow. Individuals and small businesses are bearing much of the brunt. However, many large banking corporations,…
Wells Fargo (No. 13 on 2019 Top 50 Companies for Diversity) will not “directly finance oil and gas projects in the Arctic region, including the Arctic National Wildlife Refuge (ANWR),” according to updated language in its policy on corporate responsibility. The 19-million-acre Arctic Refuge is a source of food for indigenous people and is…
The U.S. House Committee on Financial Services under congresswoman Maxine Waters issued a report this month that summarizes the Committee’s review of the diversity and inclusion practices in the U.S.’s largest banks. It found that although banks and other financial services firms tout their diversity and inclusion policies, the sector…
Georgette “Gigi” Dixon is senior vice president and senior director of external relations for national constituents at Wells Fargo. In this role, she leads and coordinates Wells Fargo’s engagement and outreach to national non-government organizations and key stakeholders with the goal of promoting Wells Fargo’s policy priorities. She published a…
Applications accepted through Feb. 28, 2020 Wells Fargo & Co. (NYSE: WFC) and Scholarship America seek applicants for the 2020–21 Veteran Scholarship and Emergency Grant Programs. Wells Fargo is committed to assisting veterans and spouses of veterans with disabilities succeed in getting the education they need for the careers of…
Originally published on newsroom.wf.com. Wells Fargo & Company (NYSE: WFC) announced today a $250,000 USD donation to the American Red Cross from the Wells Fargo Foundation in response to the recent wildfires that continue to have a devastating impact on Australia and its residents. The donation is earmarked for the…
Originally published on newsroom.wf.com. Wells Fargo Advisors today announced $0 trades on the WellsTrade® self-directed trading platform for stocks and exchange traded funds (ETFs). “WellsTrade offers investors an online solution to make independent investment decisions. We know do-it-yourself trading is one of several ways investors manage their money,” said Jim Hays, president of…
Originally published on stories.wf.com by Dustin Wilson and Jessica Pacek Leah Johnson is using the financial lessons she learned at Thurgood Marshall College Fund’s Teacher Quality and Retention Program Summer Institute to teach her fourth-grade students in Texas how to spend and save their money wisely. When Leah Johnson attended…