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re: Wells Fargo CEO ruffles feathers with comments about diverse talent

Posted on 9/22/20 at 4:31 pm to
Posted by Tbonepatron
Member since Aug 2013
8447 posts
Posted on 9/22/20 at 4:31 pm to
quote:

They don't even sell milkshakes at a bank you dumbass..


Do you even Capital One cafe, baw?
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13821 posts
Posted on 9/22/20 at 4:32 pm to
Having to be qualified to get a job is raciss
Posted by Privateer 2007
Member since Jan 2020
6238 posts
Posted on 9/22/20 at 4:33 pm to
All this diversity bullshite is illegal.

I'm tired of being discriminated against because I'm white.

How TF doesn't this violate the 14th Amendment?
Posted by blueboxer1119
Baton Rouge
Member since May 2013
8042 posts
Posted on 9/22/20 at 4:35 pm to
His facts are racist.
Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 9/22/20 at 4:40 pm to
This is part of the reason companies are one-upping each other in donations and scholarships and diversity internships, etc.

When the entire market decided that one tiny, small metric determined success, competition became infinitely more fierce.

The solution is, of course, to do a better job of providing an upwardly mobile career path to current employees, but companies don't want to do that, it would require too much effort and might accidently work too well.

I'm actually going to bring this up with a Diversity bigwig at corporate next week. They want to increase diverse hires at upper field level by 50% over the next few years (with stores closing) but the jobs they want to open for hire have no place to go.

Say you have 1000 stores with 1000 GMs. You have 100 DMs, each maaging 10 stores. If your DMs stay 5-10 years and you hire outside the GM pool at a 3:1 clip, it will take forever to open up a material number of GM slots for new hires.

But you if you seriously considered, and actually actively developed and recruited, those same GMs for low level corporate positions, you would streamline your hiring process, keep wages low, and increase opportunities to diversify your future hiring pool.
Posted by GeauxTigerTM
Member since Sep 2006
30596 posts
Posted on 9/22/20 at 4:41 pm to
When the only reason being offered for disparate outcomes is bias without first acknowledging the academic skills gap, we're never going to make any headway.

LINK
Posted by Eighteen
Member since Dec 2006
33982 posts
Posted on 9/22/20 at 4:46 pm to
quote:

What the hell else is he supposed to do? Lie?


Yes.

Put out statement about diversity goals (knowing you won’t be able to fill them, especially when every company is stumbling trying to fill minority spots)

Throw some hush money at some race pandering cause

Keep your business from being extorted further and keep your job

No matter what you do, you have to shut the frick up if you’re white. The media is not on your side and you won’t win
This post was edited on 9/22/20 at 4:48 pm
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35543 posts
Posted on 9/22/20 at 4:48 pm to
quote:

there is a very limited pool of black talent to recruit from,


That’s the whole point. The idea is to hire them based on skin color so you don’t have to look deeper.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48830 posts
Posted on 9/22/20 at 4:50 pm to
quote:

That’s the whole point. The idea is to hire them based on skin color so you don’t have to look deeper.

Lootie could head up their mortgage division.
Posted by Priapus
Member since Oct 2012
1950 posts
Posted on 9/22/20 at 4:52 pm to
The second worst company in the country, after ATT, usually has a problem with the truth. Here they tell the truth and still get friction. I can't say that I feel a bit sorry for them.
Posted by deltaland
Member since Mar 2011
90903 posts
Posted on 9/22/20 at 4:58 pm to
quote:

What the hell else is he supposed to do? Lie?


Hire unqualified people to do nothing and draw a check in the name of diversity.
Posted by LSUtoBOOT
Member since Aug 2012
12524 posts
Posted on 9/22/20 at 5:01 pm to
quote:

They don't even sell milkshakes at a bank you dumbass...


And now we know why.
Posted by LoneStarRanger
Texas/Europe
Member since Aug 2018
2404 posts
Posted on 9/22/20 at 5:06 pm to
He’s not wrong

Also, Wells Fargo committed horrible financial crimes and got away with only a slap on the wrist, so screw’em
Posted by frankthetank
Member since Oct 2007
2311 posts
Posted on 9/22/20 at 5:07 pm to
Somehow we have to find out how to turn 13% of the total US population into 50% of all quotas, or we are all racists.
Posted by CaptainBrannigan
Good Ole Rocky Top Tennessee
Member since Jan 2010
21644 posts
Posted on 9/22/20 at 5:08 pm to
quote:

What the hell else is he supposed to do?


Set up a program to train people. Its only one of the largest banks in the world. They have the means to help solve problems.


Also this points to a larger problem in our economy. These assholes restrict access to train to a small group of elites, then claim there is no one else qualified to do these jobs.
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 9/22/20 at 5:08 pm to
Wells has always wanted to be in the Bulge Bracket
You could tell
Posted by Dandy Lion
Member since Feb 2010
50255 posts
Posted on 9/22/20 at 5:08 pm to
quote:

The second worst company in the country, after ATT,

hear
hear
Posted by danilo
Member since Nov 2008
20279 posts
Posted on 9/22/20 at 5:10 pm to
quote:

reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.


He’s not wrong
there certainly wasn’t a lot of brothas and sistas in my senior level Econ classes.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55872 posts
Posted on 9/22/20 at 5:10 pm to
They’re supposed to set up a program for black people so they can skip over the qualifications/requirements everyone else has to meet?

Real banking and fuhnance jobs require more than just checking a box. You have to be smart
Posted by SeeeeK
some where
Member since Sep 2012
28114 posts
Posted on 9/22/20 at 5:11 pm to
He's not wrong
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