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Backers of Hate
Wells Fargo logo

Backs Hate

Trump creditor; financier of, and investor in, immigrant detention and private prison companies; financier of Dakota Access pipeline

Ties To The Administration

Trump’s companies owe Wells Fargo $14.4 million, and the bank services another $1.2 billion in Trump’s companies’ loans.

One of Trump’s first actions when taking office was taking down a Department of Labor website to collect complaints from Wells employees harmed by the bank’s unauthorized account scandal.

Let them know how you feel.

Let them know how you feel.

Give ‘em Hell

Profiting From Trump's Agenda?

Owns over $30 million in shares in this country’s two largest private prison and immigrant detention contractors, and is a member of two bank syndicates that extend credits to those companies. This financing could help these companies expand to service Trump's immigration dragnet. ● From right before Trump’s election to early 2018, the number of shares they held in the private prison companies Geo Group and CoreCivic increased 50.2 percent. ● Discriminatory lending practices and the unauthorized account scandal have drawn enforcement action from the Consumer Financial Protection Bureau (CFPB), the Department of Justice (DOJ), and several municipalities. Wells would benefit if Trump weakens the CFPB or the DOJ’s enforcement policies. ● Financier of Dakota Access Pipeline, which Trump has let proceed despite public outcry.

Our Demands

  1. Issue a clear statement denouncing Trump’s anti-immigrant, -refugee, and -Muslim agenda, and act to stop Trump’s wall and immigration dragnet;

  2. Cease all investments in, and financing, of private prison and immigration detention companies;

  3. Respect the right of all workers to organize to win a voice on the job and end use of forced arbitration clauses, which prevent affected customers and workers from holding Wells accountable in court; and

  4. Refuse to extend any additional financing to the Dakota Access Pipeline and sell its existing loans on the pipeline. Refrain from financing or investing in any pipeline on indigenous land or that threatens the environment.

Board of Directors

John D. Baker II

Executive Chairman, FRP Holdings, Inc.

John S. Chen

Executive Chairman and CEO, BlackBerry Limited

Lloyd H. Dean

President and CEO, Dignity Health

Elizabeth A. Duke

Vice Chair, Wells Fargo & Company, and former member of the Federal Reserve Board of Governors

Susan E. Engel

retired CEO, Portero, Inc.

Enrique Hernandez, Jr.

Chairman, President and CEO, Inter-Con Security Systems, Inc.

Donald M. James

retired Chairman, Vulcan Materials Company

Cynthia H. Milligan

Dean Emeritus, College of Business Administration, University of Nebraska – Lincoln

Karen B. Peetz

retired President, The Bank of New York Mellon Corporation

Federico F. Peña

Senior Advisor, Colorado Impact Fund, Former U.S. Secretary of Energy and Former U.S. Secretary of Transportation

James H. Quigley

CEO Emeritus and retired Partner at Deloitte

Stephen W. Sanger

Chairman, Wells Fargo & Company

Ronald L. Sargent

retired Chairman and CEO, Staples, Inc.

Timothy J. Sloan

CEO and President, Wells Fargo & Company

Susan G. Swenson

Chair and CEO, Novatel Wireless, Inc.

Suzanne M. Vautrinot

President, Kilovolt Consulting, Inc. and Major General and Commander, United States Air Force (retired)

Let them know how you feel.

Let them know how you feel.

Give ‘em Hell

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