On the latest episode of “The Bottom Line” podcast, CEO Kat Taylor lays out her strategy for proving that a bank can be profitable, pay its employees well, and pursue an agenda of economic justice and planetary health.
Last week, Ana Casas Wilson — a wheelchair-bound woman with cerebral palsy and terminal stage-four breast cancer, and who has struggled for months to get Wells Fargo and US Bank to accept her money and stop foreclosing on her home of 40 years — received a final five-day notice to vacate from L.A. County Sheriff Lee Baca’s office. Wilson and her family briefly fell behind on her payments after she had to go into the hospital for a double mastectomy, as I described in an earlier post. She and her friends and supporters have launched a round-the-clock vigil at her home in a blue-collar suburb outside Los Angeles (8968 San Juan Ave., South Gate, CA 90280) to resist eviction, as the Los Angeles Times reported last week.
Monday the Des Moines Register reported that Wells Fargo fired an employee who’d been arrested in 1963 for trying to use a cardboard dime on a coin-operated washing machine in a Carlisle, Iowa laundromat. Richard Eggers, a 68-year-old Vietnam War veteran, had worked in the bank’s home mortgage department at a $29,795-a-year job, the Register said. According to the bank, federal regulations barred it from employing workers who’d been convicted of crimes involving dishonesty, even if their criminal records had been expunged. The 2011 rules were applied retroactively to Eggers, who’d been with Well Fargo seven years.
So far the story’s been getting attention on the Internet and radio as one of those What a Wacky World We Live In fillers. It remains to be seen if the level of public outrage reaches a point where someone blinks and Eggers gets his job back. In the past,