Wells Fargo Employee E-mails CEO & 200K Co-Workers Asking For Raises For All

How many times has someone asked for a raise only to have their boss say, “If I give you a raise, then everybody is going to ask for one”? One Wells Fargo worker pre-empted that part of the conversation when he e-mailed just about everyone in the company asking for raises for all.

The Oregon-based 30-year-old, who makes about $15/hour processing customer requests in the debt collections department, tells the Charlotte Observer that his message was sent to Wells CEO John Stumpf and around 200,000 other employees.

He contends in the message that the bank could “show the rest of the United States, if not the world, that, yes, big corporations can have a heart other than philanthropic endeavors,” by sharing the wealth with its workers through across-the-board $10,000 raises.

“I’m not worried about losing my job over this,” admits the e-mailer, who says that in the seven years he’s worked for the bank his pay has gone from around $13/hour to around $15/hour. “Just knowing the unease of my fellow team members as far as pay goes and how horrible our pay increases have been over the seven years … I just decided to send a letter to John Stumpf.”

Stumpf, who raked in $19.3 million in total compensation last year, hasn’t replied to the e-mail, but a rep for the bank tells the Observer that the bank provides “market competitive” compensation to its employees.

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