John Stumpf, chairman, president and CEO of Wells Fargo, No. 33 on The 2012Fair360, formerly DiversityInc Top 50 Companies for Diversity list, has faced his share of challenges. The company’s successful merger with Wachovia combined two large diversity leaders and is a model for other large corporate mergers. But the economic crisis of the past three years, and Wells’ involvement with the subprime crisis, has required an even deeper reliance on diversity to engage employees and reach customers.
Stumpf met one-on-one with Fair360, formerly DiversityInc CEO Luke Visconti in the bank’s San Francisco headquarters to explore these issues and his personal reasons for valuing diversity. Here is an edited version of their conversation:
The Subprime-Lending Crisis & Financial Literacy
