http://workforce.com/wpmu/bizmgmt/2009/02/09/bankers-behaving-badly/ All about the issues that arise when workforce issues converge with business management. Sun, 22 Nov 2009 12:07:55 +0000 http://wordpress.org/?v=wordpress-mu-1.2.3-2.2.1 http://workforce.com/wpmu/bizmgmt/2009/02/09/bankers-behaving-badly/#comment-32468 bb Mon, 16 Feb 2009 18:34:10 +0000 http://workforce.com/wpmu/bizmgmt/2009/02/09/bankers-behaving-badly/#comment-32468 I applaud Mr. Stumpf's stance in his open letter in the WSJ. I am not sure a full-page spread is the way to go about trumpeting your policies, but I believe in travel incentive programs as recognition. These recognition events drive measurable results. Sure you have to be sensitive to the optics surrounding the events, but if the ROI is there, why shouldn't they be done? I applaud Mr. Stumpf’s stance in his open letter in the WSJ. I am not sure a full-page spread is the way to go about trumpeting your policies, but I believe in travel incentive programs as recognition. These recognition events drive measurable results. Sure you have to be sensitive to the optics surrounding the events, but if the ROI is there, why shouldn’t they be done?

]]> http://workforce.com/wpmu/bizmgmt/2009/02/09/bankers-behaving-badly/#comment-32425 KK Wed, 11 Feb 2009 17:59:05 +0000 http://workforce.com/wpmu/bizmgmt/2009/02/09/bankers-behaving-badly/#comment-32425 Wells Fargo did in fact accept $25 Billion of TARP funds, though hardly in the form of a bailout. This investment was in exchange for Wells Fargo preferred stock which, by the way, has already generated a declared first quarterly dividend of $371.5 million payable to the U.S. Treasury. Further, and most important, Wells Fargo did not seek nor require any type of TARP assistance. Instead, the Fed and U.S. Treasury prevailed upon Wells Fargo (among others) to participate in the initial distribution of TARP funds. Wells Fargo did in fact accept $25 Billion of TARP funds, though hardly in the form of a bailout. This investment was in exchange for Wells Fargo preferred stock which, by the way, has already generated a declared first quarterly dividend of $371.5 million payable to the U.S. Treasury. Further, and most important, Wells Fargo did not seek nor require any type of TARP assistance. Instead, the Fed and U.S. Treasury prevailed upon Wells Fargo (among others) to participate in the initial distribution of TARP funds.

]]> http://workforce.com/wpmu/bizmgmt/2009/02/09/bankers-behaving-badly/#comment-32423 bp Wed, 11 Feb 2009 14:13:49 +0000 http://workforce.com/wpmu/bizmgmt/2009/02/09/bankers-behaving-badly/#comment-32423 Your article states that, with regards to Stump's letter to explain corporate recognition events, that "If explained properly to the public, it might have been something that reasonable, fair-minded people could have supported." I certainly agree that he is entitled to state his case. However, a couple paragraphs down you state that Stumpf needs to "shut up.".If his case cannot be explained properly, I did not see in your article any criticism countering his position. Your argument seems to be that, perception being reality right or wrong, do not attempt to state your case. This makes sense if you are dealing mostly with people who are neither reasonable nor fair-minded. Also, didn't Wells Fargo originally turn down bailout money until they were strong armed by Secretary Paulson?\ Your article states that, with regards to Stump’s letter to explain corporate recognition events, that “If explained properly to the public, it might
have been something that reasonable, fair-minded people could have supported.” I certainly agree that he is entitled to state his case.
However, a couple paragraphs down you state that Stumpf needs to “shut up.”.If his case cannot be explained properly, I did not see in your
article any criticism countering his position. Your argument seems to be that, perception being reality right or wrong, do not attempt to state
your case. This makes sense if you are dealing mostly with people who are neither reasonable nor fair-minded.
Also, didn’t Wells Fargo originally turn down bailout money until they were strong armed by Secretary Paulson?\

]]> http://workforce.com/wpmu/bizmgmt/2009/02/09/bankers-behaving-badly/#comment-32413 Jane Wed, 11 Feb 2009 01:58:00 +0000 http://workforce.com/wpmu/bizmgmt/2009/02/09/bankers-behaving-badly/#comment-32413 I'm pretty sure that Wells Fargo did not take any of the government bailout money. So, I don't see why they can't have an employee appreciation day. I’m pretty sure that Wells Fargo did not take any of the government bailout money. So, I don’t see why they can’t have an employee appreciation day.

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