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To: Carrie Tolstedt, Head of Community Banking at Wells Fargo

Wells Fargo: End the Obsession with Sales Goals

Wells Fargo has announced it's eliminating product sales goals. Read more, here: http://www.wsj.com/articles/wells-fargo-cuts-all-sales-goals-as-it-seeks-to-rebuild-trust-1473766077

End the excessive sales targets for Wells Fargo team members.

Why is this important?

The LA Times recently reported that roughly 30 Wells Fargo branch employees in the L.A. area tried to meet sales goals by opening accounts that were never used.

Lying and cheating should never be tolerated in the workplace -- especially at a financial institution. But the situation also suggests that Wells Fargo take stock of its community banking program and the sales goals employees are pressured to meet each week.

According to the Times, the pressure to meet sales goals can be intense. Managers have required sales agents to stay late and call their friends and family members to open accounts in order to meet sales objectives.

Sales at all costs is no way to build trust with our communities. Everyone has unique banking needs, and Wells Fargo employees pride themselves on being able to deliver quality products to individuals and community businesses. But when aggressive sales goals compete with customers' needs, one side always wins. We're calling on Wells Fargo to immediately review its community banking program and lower excessive sales targets for team members.

Photo credit: http://bit.ly/16vf2lK

How it will be delivered

We are delivering this petition to Wells Fargo leaders on April 13th, our National Day of Action for Bank Workers.

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Updates

2013-10-10 07:53:52 -0400

10 signatures reached

2013-10-09 10:07:50 -0400

Fierce Finance reports on sales goals pressures at Wells Fargo: http://www.fiercefinance.com/story/sales-goals-pressure-some-wells-fargo-employees/2013-10-08