She’ll Pass on Wells’ Pitch for Her Business
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Let me see if I have this straight.
A Northern California bank, Wells Fargo, has given its stockholders a 49% increase in the value of its stock (“Wells Fargo CEO’s Pay Tops $5.6 Million,” March 15). It has given its chief executive, Paul Hazen, a “pay package” of $5.6 million.
Now this benevolent Wells Fargo is going to take over First Interstate Bank and lay off 10,000 employees and vacate downtown Los Angeles office space, leaving a trail of depression.
The next scene undoubtedly will be Wells Fargo advertising to get my business.
Well, Wells Fargo, I don’t think so.
LILLIAN JENKINS
Culver City
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