FEATURES
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Posted Mar 13, 2009
 Wells Fargo & Co. has earned a spot in the DiversityInc Top 50 every year since the survey started. The bank has a well-deserved reputation for an inclusive work force and one of the best multicultural customer-outreach programs anywhere. Its acquisition of Wachovia, another longtime diversity leader, makes it even stronger. |
 The 17-member board of directors has one Black member, one Asian member, one Latino member and three women members.
Wells Fargo has excellent work/life benefits, including company-subsidized backup/emergency childcare; free access to LifeCare, a 24-hour service that helps team members find childcare, eldercare and dozens of other services; and free or discounted financial products and services. Wells Fargo also is correctly known as a great company for LGBT employees and offers first-rate benefits for same-sex partners of employees.
The bank spends 22 percent of its philanthropic endeavors on multicultural nonprofits, including Asian Pacific Rim Foundation, Asian and Pacific Islander American Scholarship Fund, Barrientos Scholarship Foundation, Central Council Tlingit and Haida Indian Tribes of Alaska, Chicana Latina Foundation, Dr. Martin Luther King Jr. Committee, Hispanic College Fund, Hispanic Scholarship Fund, Institute of American Indian Arts Foundation, Latino Scholarship Fund, and Minority and Business Alliance for Higher Education. Wells Fargo also spends 29.6 percent of its advertising budget on multicultural media. |
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John Stumpf, President and CEO
"Diversity is and always has been integral to Wells Fargo's vision, strategy and continued success. We cannot continue to be known as one of America's great companies unless we also continue to seize the tremendous business opportunities that diversity, in all its forms, offers us. That's because diversity enables us to take full advantage of our team members' creativity, fresh thinking and multiple perspectives to respond fast and effectively to changing customer needs. By making diversity our competitive advantage, we can make the company a better place to work for our team members, better understand our diverse customers' needs, give customers and communities outstanding service and deliver more value to our stockholders." |
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Pat Crawford, Senior Vice President, Wells Fargo Enterprise Diversity
"At Wells Fargo, we have always understood that diversity, inclusion and effective management of differences is critical for our long-term financial success. We also understand that the demographic mix of the best and brightest of this century look a lot different than their counterparts in the past. And it's these individuals who will lead us through these challenging times and pave the way for continued success in the future." |
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Specialty Lists
- No. 8 in The DiversityInc Top 10
Companies for Recruitment & Retention
- No. 2 in The DiversityInc Top 10
Companies for LGBT Employees
- No. 10 in The DiversityInc Top 10
Companies for Latinos
- No. 2 in The DiversityInc Top 10
Companies for Asian Americans
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Industry
Financial Services
Main Competitors
Bank of America, Citi, U.S. Bancorp
U.S. Headquarters
San Francisco |
Number of U.S. Employees
280,000
Annual Revenue
$43.2 billion
% of Operations Outside U.S.
N/A |
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