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Wachovia – “Used to be Great, but then came Wells Fargo

Jun 16, 2009

3.0

Wachovia Licensed Financial Specialist:   (Current Employee)

Pros

The culture was good and the bonus structure use to be very good. Good vacation, matching 401k

Cons

but then Wells came in and changed the way this bank does business and did not adjust the bonus plan, so pretty much all of the LFS are working for their base salaries. Micromanagement became the new trend and our rankings and scorecard did not change to reflect that change as well

Advice to Senior Management

More communication about the merger and the consequences for Wachovia employees

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