
Wells Fargo Turns Well-Intentioned Diversity Push Into Criminal Matter

- Author:Jon Shazar
- Publish date:Jun 10, 2022
As you’d expect from the flaming stagecoach.
To a large extent, it seems, Wells Fargo had already fixed its whole alleged “interview a Black guy for a job he has no chance at getting” problem even before CEO Charlie Scharf put it on ice temporarily. Back in February, it decided to try doing away with the whole “posting a job and interviewing a diverse slate of candidates for positions you’ve already decided to promote someone internally for,” which will undoubtedly go a long way (although not all of the way) to saving applicants and managers the hassle (and, in the former case, false hope) that comes with the fake interview scheme (although it doesn’t seem to get any closer to what the Wells Rooney Rule was designed to achieve, which is a more diverse workforce).
Alas, this very un-Wellsian quick and simple fix came too late for the bank.
Federal prosecutors in New York have opened a criminal investigation into whether Wells Fargo violated federal laws by conducting sham interviews of minority and female job candidates…. The civil rights unit handling the Wells Fargo inquiry was created in November by Damian Williams, the U.S. attorney for the Southern District of New York.
Under federal law, for instance, it is a crime to interfere with “an applicant for private employment” in a way motivated by the applicant’s “race, color, religion or national origin.”
Of course, as ever, this is all the employees’ fault for not calling the “please fire me” whistleblower line.
In an interview on Monday, Bei Ling, Wells Fargo’s head of human resources, said she did not believe the fake interview practice was “a systematic issue.” Employees had not complained about it, she said.
“During these past eight months I can tell you I have never heard such a thing from the recruiting community,” Ms. Ling said. “I have never even heard the words ‘fake interview.’”
She added that there was no way for the bank to understand the scope of the problem unless employees spoke up. “We can’t act on things that we don’t know,” she said.
That attitude will no doubt do wonders during the anti-union drive to come.
Federal Prosecutors Open Criminal Inquiry of Wells Fargo’s Hiring Practices [NYT]
For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker.
Tagsterms:BanksWells FargolawJustice DepartmentcrimehiringDamian WilliamsRacial DiscriminationBy Jon Shazar
And now, like the NFL, it’s getting sued over it.

Whether you’re a simple homeowner or a sophisticated investment banking client, it’s just the way Wells does business.

They’re apparently not as “qualified” as their white co-applicants, either.

All at once. In the form of some very large checks to the Justice Department and SEC.

That is, until they get a call from the Gray Lady.

But not before drawing one last racial discrimination lawsuit therefrom.

After imposing a few more modest hurdles for its employees the clear in cheating, the diversity interviewing policy shall return.

And like some of their bad apple brethren are thusly former Wells Fargo employees now.
© 2022 Breaking Media Inc.ES by OMG
Euro-Savings.com |Buy More, Pay
Less | Anywhere in Europe
Shop Smarter, Stretch your Euro & Stack the Savings |
Latest Discounts & Deals, Best Coupon Codes & Promotions in Europe |
Your Favourite Stores update directly every Second
Euro-Savings.com or ES lets you buy more and pay less anywhere in Europe. Shop Smarter on ES Today. Sign-up to receive Latest Discounts, Deals, Coupon Codes & Promotions. With Direct Brand Updates every second, ES is Every Shopper’s Dream come true! Stretch your dollar now with ES. Start saving today!
Originally posted on: https://dealbreaker.com/2022/06/wells-hiring-under-federal-investigation