tag:blogger.com,1999:blog-26981669.post7141531409454578576..comments2024-03-23T10:55:30.196-05:00Comments on Cold Fusion Guy: Tyrel Oates' email to the whole companyJim Peethttp://www.blogger.com/profile/07649414726939918803noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-26981669.post-8058574052621794332015-04-06T11:03:49.016-05:002015-04-06T11:03:49.016-05:00Wells Fargo employee who emailed CEO about pay res...<a href="http://www.charlotteobserver.com/news/business/banking/article17531582.html" rel="nofollow">Wells Fargo employee who emailed CEO about pay resigns</a>:<br /><br /><i>Tyrel Oates, who worked in Oregon processing Wells Fargo customer requests to stop debt-collection calls, said he emailed Stumpf a letter of resignation on Friday. Oates, 31, told the Observer he is leaving the bank so he can devote more time to studying for a planned career in agriculture.<br /><br />In his resignation letter, Oates criticizes the company for its “complacent stance” on his request last fall that the San Francisco-based bank give each of its employees a $10,000 raise. According to the resignation letter, about 5,000 people, including Wells Fargo employees and customers, signed a petition supporting his proposed raises.<br /><br />“The only responses that have been provided thus far is the bank simply defending its compensation philosophy with no attempt to compromise, as well as limiting who we can and cannot email within the organization,” Oates says in his resignation letter. “These are not acceptable responses.”</i><br /><br />Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-62120524321928511182014-10-23T21:16:05.568-05:002014-10-23T21:16:05.568-05:00My view: With WF for 20 years. Fairly paid. Ever y...My view: With WF for 20 years. Fairly paid. Ever year a raise. Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-52092097238376637042014-10-23T21:15:17.139-05:002014-10-23T21:15:17.139-05:00Response from WF: Wells Fargo CEO defends bank’s p...Response from WF: <a href="http://www.marketwatch.com/story/wells-fargo-ceo-defends-banks-pay-model-2014-10-23" rel="nofollow">Wells Fargo CEO defends bank’s pay model</a>:<br /><br /><i>Stumpf said in the internal bank meeting that he wanted to address something that had been in the media recently regarding Wells Fargo’s compensation, though he didn’t specifically speak to the email from Oates. Stumpf described the bank’s pay model as competitive, according to sources.<br /><br />Stumpf spoke for about an hour during the internally televised online discussion, saying that 40,000 employees received a raise last year. The CEO also said that Wells Fargo tellers start out making 50% more than at other banks.<br /><br />If an employee has reached the maximum compensation ratio for their position, they are not eligible to receive any more raises, the CEO said. The compensation ratio is the formula the bank uses to determine the pay for a position.<br /><br /></i>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-189347390350107032014-10-15T12:46:20.089-05:002014-10-15T12:46:20.089-05:00Let's pray he doesn't become a community o...Let's pray he doesn't become a community organizer......Bike Bubbahttps://www.blogger.com/profile/08193546045614393425noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-59885349359251907892014-10-13T20:38:58.122-05:002014-10-13T20:38:58.122-05:00I predict that he will not be a Wells Fargo employ...I predict that he will not be a Wells Fargo employee a year from now. He committed career suicide in a very public way. Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-42230076667925511932014-10-13T14:18:58.884-05:002014-10-13T14:18:58.884-05:00Even apart from any retaliation, he just told his ...Even apart from any retaliation, he just told his managers that he's not the guy to be promoted, because he doesn't understand economics.<br /><br />....now if only we could explain these concepts to Democrats.....Bike Bubbahttps://www.blogger.com/profile/08193546045614393425noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-30125238745563187312014-10-11T19:51:40.111-05:002014-10-11T19:51:40.111-05:00More<a href="http://www.washingtonpost.com/blogs/on-leadership/wp/2014/10/09/a-wells-fargo-employee-emailed-the-ceo-to-ask-for-a-raise-and-cced-200000-coworkers/" rel="nofollow">More</a>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-62162106720519918592014-10-11T11:50:40.007-05:002014-10-11T11:50:40.007-05:00Lyrics of Pink Floyd's Money:
But if you ask ...Lyrics of Pink Floyd's <a href="http://www.pink-floyd-lyrics.com/html/money-dark-lyrics.html" rel="nofollow">Money</a>:<br /><br /><i>But if you ask for a raise it's no surprise that they're <br />giving none away.</i>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-26987440251002844102014-10-11T10:59:52.796-05:002014-10-11T10:59:52.796-05:00Somewhat related: What Satya Nadella Got Right Abo...Somewhat related: <a href="http://blogs.wsj.com/atwork/2014/10/10/what-satya-nadella-got-right-about-raises/" rel="nofollow">What Satya Nadella Got Right About Raises<br /></a>:<br /><br />Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.com