Just curious. I am with Wells Fargo and we have a lively board here, we also have a CEO that's very much disliked, primiarily because he does not understand how our company works and what's happening in the trenches. Anyhow, why do your employees dislike the ex CEO John Foley?
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- C-level management drastically underestimated what the post-pandemic landscape would look like, leading to many recent stock declines. A major issue when many employees were sold on the long term value of their new hire equity/refreshes which makes up a large portion of their total package
- PR for the company has been a nightmare. It's been one negative headline after another recently, all of which affect stock.
- Company forecasting is a disaster and they had to issue a hiring freeze recently out of nowhere. This has left a lot of employees with a ton of extra work on the corporate side, plus affected the livelihood of those on the Talent Acquisition org
- Leadership made a lot of promises about long term growth opportunity, but for many employees that now feels like it's in limbo with all the recent issues
- Major pay disparity issues. People are being hired into the exact same role but their compensations are differing wildly.
- Company morale in general is just super low. A lot of employees sound like they are starting to explore new opportunities. It doesn't help that the C-level execs and instructors continue to live it up with things like lavish holiday parties and
buying new Hamptons estates while the majority of employees struggle with their day to day.
He is a mess. Not organizied, no vision. He lied. He supported many left political initiatives - those initiatives sometimes went too far and all of this makes you wonder what happens to openly conservative employees.
@OP+1fdA66wa, maybe the same reason workers hate the CEO of "Wells Frago"
https://www.thelayoff.com/wells-fargo-and