“They are a player in the current market crisis.”
All my life I have spent what personal time I could working with tools. There are virtually no tools I don't know how to use. I do freely admit, however, that I am far from great with some of the more complex items. Sears unquestionally make some of the finest hand tools available, and their lifetime warranty shows they know it. Their power tools are OK for the home fixit guy and the nonaggressive hobbyist. They do not appear to be made for heavy, continuous use, but are good for intermittent needs.
As a senior executive, I always enjoyed an opportunity to spend time in the trenches with the folks who DO things. Along the way, I learned a lot, and was able to develop and encourage people skills among people who are more geared to physical talents. I also learned a lot about how a broad array of people really felt about their work, who they work for, and what frequently does or doesn't make sense. Encouraging them to think can help them and their employer! My "back of the house" exposure made me a lot more effective "upstairs".
I lived by the commitment to learn something every day, laugh with someone every day, and be liberal with encouragement and respect.
I see my life as a sharp contrast to those who are driven by money. Theirs is an addiction that is every bit as onerous as smoking and excessive drinking.
This is where I warp into my disappointment to the money handlers, Like Wells Fargo. Their interests appear to be narrowly focused and they have little respect for those they do not have sitting or standing by them in the coffee room or the conference room. It is my impression that many of them find it easy to forget that most of they money they handle, and take home a lot of, came to them as the hopes and dreams, and old age or family protection of people who thought they could be trusted. What has happened in this country over the past decade or two is a major disap-point in people who found it easy to forget about honor and trust, and honesty.
Given that the most significant outcome to date has been the giving of taxpayer money to big, dishonest and badly managed corporations who are using it to acquire many of their smaller competitors. From my perspective, in the long term the situation will worsen. I say that because thes personality types, these narrow focused people do not learn from others or their own experience.
The unfortunate but probable longterm outcome of the greed and aloofnes of many of the money handlers is causing efects that will still be dishing out pain to my children and my grandchildren, and maybe even several more generations.
For all of these concerns and disappointments, I am grateful that I was not a part of their world and that I had, and took, the opportunities to use my hands and to respect people. These are the attributes that will offer some protection to my wife and I and our extended family and friends.
The whole situation is not of the exclusive making of Wells Fargo, but they are, or were, there as participants.
Enough, no, too much said!