I am taking our demands directly to Wells Fargo!

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Dear Friend,

I just spoke directly to shareholders and executives at Wells Fargo’s shareholders’ meeting.

Why? Because Wells Fargo has a long track record of harm, especially in Black and Brown communities -- from discriminatory lending practices to targeting families with predatory financial products. These aren’t isolated incidents. They’re part of a larger pattern of corporate abuse.

And we’re confronting that abuse head-on.

The Black Collective was started to highlight how corporate power and systemic racism are inextricably linked. And Wells Fargo was one of the first corporations we highlighted (check out our Roadmap to Reparations detailing Wells Fargo’s long history of profiting off the labor and exploitation of Black communities). Just a few years ago, Wells Fargo agreed to pay $175 million to settle allegations of discrimination against Black and Hispanic borrowers -- just one in a long line of settlements, lawsuits, and broken trust with the communities that the bank claims to uplift.

So when I spoke at the shareholders’ meeting, I shared our collective demands that Wells Fargo:

divest from practices that harm our communities,
invest in long-term solutions rooted in racial and economic justice,
and be transparent and accountable to people -- not just to profits.

And to make sure that happens, we're pushing for an annual congruence analysis: a clear, consistent, and transparent review of whether Wells Fargo’s political contributions and trade organization, board service and membership affiliations align with its own stated values.

Being able to speak at Wells Fargo’s shareholders’ meeting means that voices from our communities -- voices that are often left out of these conversations -- are present, powerful, and demanding more. We used our platform to call for real, transparent accountability and to remind Wells Fargo’s executives that justice doesn’t happen through press releases -- it happens through structural change.

Will you chip in to support this ongoing work? Donate to support the Black Collective today.

Demand accountability and transparency from Wells Fargo

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Corporate shareholders’ meetings like the one I just spoke at are a tremendous opportunity for the campaigns we wage. They’re one of the powerful tools advocates and organizers like you and me have to challenge executives directly about their corporations’ abusive practices and lack of accountability. Together, we can elevate the voices of the people impacted by corporate abuse while the eyes of the media and investors are closely watching the theater of corporate doublespeak.

But going toe-to-toe with the likes of Wells Fargo isn’t easy. And we need you with us. Can we count on you to support the Black Collective as we take our demands directly to Wells Fargo? Donate today so we have the resources we need to make the most of these rare opportunities!

I’ll leave you with this final thought: When we organize, we win ground.

Thanks for being in this fight with me.

Onward,

Ann-Michelle Roberts
Pronouns: she/her/hers
Black Collective Program Director
Corporate Accountability

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Corporate Accountability stops transnational corporations from devastating democracy, trampling human rights, and destroying our planet. We are building a world rooted in justice where corporations answer to people, not the other way around -- a world where every person has access to clean water, healthy food, a safe place to live, and the opportunity to reach their full human potential.

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Write to us at [email protected] or call us at +1-800-688-8797 (U.S.).

Corporate Accountability
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