Blog

20 Mar
0

Tim Sloan did not deserve a raise

*** No candidate for Governor has been endorsed by the CDP ***

If you fail at your job, you shouldn’t receive a raise. That’s especially true when the raise being offered is $4.6 million.

But according to a just-released report, that’s exactly what Wells Fargo offered CEO Tim Sloan last year after he failed to reform the bank.

Wells Fargo is now mired in a milieu of scandal and litigation, with no end in sight. They’ve already been hit with massive fines and penalties by federal regulators for astounding failures of leadership so severe that they’ll serve as an example of how not to run a bank for generations.

To award a $4.6 million performance bonus to their CEO in the midst of it all is shameful and a clear indication that Wells Fargo isn’t taking their responsibility to consumers seriously.

Wells Fargo will not change unless we force them. That’s why I’m turning up the pressure and demanding Wells Fargo fire CEO Tim Sloan. Will you join me?

By now it should be clear: Wells Fargo’s CEO is part of the problem — not the solution.

As regulators continue to issue new sanctions and as further abuses are exposed, Tim Sloan continues to shirk his responsibilities, shift the blame, and proclaim Wells Fargo — not the consumers they defrauded — is the victim.

Instead of offering him a massive raise, the $4.6 million Wells Fargo gave to Sloan could have been better spent investing in procedures that would prevent further fraud. Or they could have created a reparations fund to engage the communities targeted and fleeced by Wells Fargo.

I’ve already promised to raise holy hell at Wells Fargo’s board meeting in Des Moines next month if they don’t replace their CEO and enact real reforms. And I’ll keep fighting to stop bank fraud as your next governor.

But right now, I need your help to build public pressure to make it happen.

Will you join me in asking Wells Fargo to fire CEO Tim Sloan and stop fraud and deception against customers? Add your name now.

John

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Paid for by John Chiang for Governor 2018 ID# 1385799. 16633 Ventura Blvd, #1008, Encino, CA 91436

John Chiang for Governor 2018
1801 Century Park East, Suite 1132
Los Angeles CA 90067 United States

 

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20 Mar
0

Exciting news!

*** Fiona Ma has been endorsed for State Treasurer by the CDP ***
 

I wanted to be sure you were the first to hear the exciting news: Senator Dianne Feinstein has endorsed me for State Treasurer!

Senator Feinstein has been at the forefront of some of the most important battles to defend and advance our shared progressive values. Will you join Senator Dianne Feinstein and a growing coalition of progressive leaders in supporting me for State Treasurer?

ENDORSE »

Eating Disorders Awareness Week

20 million women and 10 million men suffer from clinically significant eating disorders in the U.S. at some point in their life. As someone who battled an eating disorder in college, I know firsthand how important awareness, outreach, and treatment is in overcoming an eating disorder. Thank you to Senators Bill Dodd and Scott Wiener for sponsoring this year’s resolution to raise awareness and help break the stigma around eating disorders, the SF Commission on the Status of Women for officially recognizing Eating Disorder Awareness Week, and the Cielo House and Project HEAL for championing this issue.

 

Sons in Retirement

It was great to be back before the Sons In Retirement to talk about the state of the economy, taxes, and the future of California. Sons in Retirement (SIR) is a nonprofit, public benefit corporation which seeks to improve the lives of retirees through activities and community engagement. Thanks to Big SIR George and Little SIR Stu for inviting me back!

Chinese New Year Kickoff

I was honored to join Pius Lee in kicking off Chinese New Years at the 5th Annual Lunch for Seniors in conjunction with the Chinatown Salvation Army. Thank you, Pius, for all you do!

Susan Friedland and Fiona Ma

With housing prices continuing to rise and our state facing a dire housing shortage, it is critical that we partner with groups and organizations that will help us solve this crisis. Susan Friedland, pictured above, is helping end the crisis through Satellite Affordable Housing Associates, which just made the San Francisco Business Time’s Top 25 Developers the Bay Area!

In solidarity,

Fiona Ma

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