Wachovia – “Was a great company. Sorry to see it go away.”

Pros

I thoroughly enjoyed my time at Wachovia. Most of the leadership was strong from what I could tell, albeit sometimes removed from the employees a bit. It was a personable place. Rally enjoyed the vast majority of co workers.

Cons

Not realy a con, just upset that misjudgement by leadership caused the collapse of a 100+ year old company. It was avoidable as other similer financial institutions were more prudent. Most of leadership was like many- quarter by quarter and did not have a balanced view to include investing organically. Lots of talk, but lacked stick with it ness.

Advice to Senior Management

Alas, almost all management has been replaced or left when Wells Fargo took over. While it was a nice sentiment 'retain and retrain' by John Strumpf, it is not the case. Also, the reports that Wells only displaced 500 or so out of Charlotte are misleading and inaccurate. Due to required reporting standards, as long as a company displaces less than a certain amount per location per week, then they do not have to report it. From the people I know still there, it is more like thousands. With that said, I am sure John and their leadership are good people. I do wish them much success.