--- title: "Meaning & Key Takeaway of: The cultural issues, I think, at Wells…" description: "\"The cultural issues, I think, at Wells Fargo went very, very deep. They have to unwind these cultural issues.\" — Steve Eisman" image: "https://sms4smile.com/quotes/i/2c3/steve-eisman-16245_cultural-issues_the-cultural-issues-i-think-at-wells-far_2898426.jpg" --- # The cultural issues, I think, at Wells Fargo went very… ![“The cultural issues, I think, at Wells Fargo went very, very deep. They have to unwind these cultural issues.” quote by Steve Eisman](https://sms4smile.com/quotes/i/2c3/steve-eisman-16245_cultural-issues_the-cultural-issues-i-think-at-wells-far_2898426.jpg) [Download](https://sms4smile.com/quotes/i/2c3/steve-eisman-16245_cultural-issues_the-cultural-issues-i-think-at-wells-far_2898426.jpg) [Open image](https://sms4smile.com/quotes/i/2c3/steve-eisman-16245_cultural-issues_the-cultural-issues-i-think-at-wells-far_2898426.jpg) > “The cultural issues, I think, at Wells Fargo went very, very deep. They have to unwind these cultural issues.” [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Deep-rooted cultural problems at a firm require thorough unravelling to change behavior. **In simple terms:** Culture problems need thorough fixing. Key Takeaway Address and reshape corporate culture. Themes corporate culture ethics leadership Mood concerned serious Type analytical critical When to use this quote - banking - leadership training - policy reform Key Concepts organizational behavior risk management Questions to Reflect On - How can leadership effectively identify hidden cultural flaws? - What steps ensure lasting cultural change? A Different Perspective Changing culture is slow and may meet resistance. ★ ★ ★ ★ ★ No ratings yet [Cultural issues](https://sms4smile.com/quotes/about/cultural-issues/) [Deep](https://sms4smile.com/quotes/about/deep/) [Fargo](https://sms4smile.com/quotes/about/fargo/) [I think](https://sms4smile.com/quotes/about/i-think/) [Issues Think](https://sms4smile.com/quotes/about/issues-think-2462098/) [Think](https://sms4smile.com/quotes/about/think/) [Think Wells](https://sms4smile.com/quotes/about/think-wells-3584590/) [Unwind](https://sms4smile.com/quotes/about/unwind/) [Wells fargo](https://sms4smile.com/quotes/about/wells-fargo/) [Went Deep](https://sms4smile.com/quotes/about/went-deep-860868/) ## Related quotes > [I have no views as to where it will be, but the one thing I can tell you is it won't do anything between…](https://sms4smile.com/quotes/warren-buffett/i-have-no-views-as-to-where-it-will-be-but-the-one-thing-i-can-tell/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very…](https://sms4smile.com/quotes/jamie-dimon/i-learn-from-all-our-major-competitors-whether-they-re-in-or-out-of/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Wells Fargo behaves better than the average big bank. But nobody's perfect.](https://sms4smile.com/quotes/charlie-munger/wells-fargo-behaves-better-than-the-average-big-bank-but-nobody-s/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I remember going into a raggedy studio, still with my work uniform on. At the time, I was driving money trucks for Wells Fargo,…](https://sms4smile.com/quotes/sharon-jones/i-remember-going-into-a-raggedy-studio-still-with-my-work-uniform-on/) [Sharon Jones](https://sms4smile.com/quotes/author/sharon-jones/) > [They have a new CEO in Wells Fargo . I don't know much about him. The lady who was involved to some degree in…](https://sms4smile.com/quotes/john-kasich/they-have-a-new-ceo-in-wells-fargo-i-don-t-know-much-about-him-the/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [ I don't know the extent to which they do business \[ in Wells Fargo\]. I just want to see how this thing continues to… ](https://sms4smile.com/quotes/john-kasich/i-don-t-know-the-extent-to-which-they-do-business-in-wells-fargo-i/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [The constant drip drop of fraudulent activities coming out of Wells Fargo is absolutely outrageous.](https://sms4smile.com/quotes/maxine-waters/the-constant-drip-drop-of-fraudulent-activities-coming-out-of-wells/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [ Everybody who was involved in that culture \[Wells Fargo\] should be held accountable. ](https://sms4smile.com/quotes/john-kasich/everybody-who-was-involved-in-that-culture-wells-fargo-should-be-held/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they…](https://sms4smile.com/quotes/myron-scholes/i-was-involved-with-wells-fargo-bank-as-a-consultant-in-the-late/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [ There is no way they should walk out of that place \[Wells Fargo\] with millions, tens of millions, tens and tens of millions of… ](https://sms4smile.com/quotes/john-kasich/there-is-no-way-they-should-walk-out-of-that-place-wells-fargo-with/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [ It's an individual morality in values that matters in these companies \[like Wells Fargo\]. I mean, they ought to clean house. And they ought… ](https://sms4smile.com/quotes/john-kasich/it-s-an-individual-morality-in-values-that-matters-in-these-companies/) [John Kasich](https://sms4smile.com/quotes/author/john-kasich/) > [Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we…](https://sms4smile.com/quotes/warren-buffett/lethargy-bordering-on-sloth-remains-the-cornerstone-of-our-investment/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I've always felt there was something wrong with Wells Fargo's culture, for a very, very long time.](https://sms4smile.com/quotes/steve-eisman/i-ve-always-felt-there-was-something-wrong-with-wells-fargo-s-culture/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [What I saw was just one eye In the dawn as I was going: A bird can carry all the sky In that little…](https://sms4smile.com/quotes/harold-monro/what-i-saw-was-just-one-eye-in-the-dawn-as-i-was-going-a-bird-can/) [Harold Monro](https://sms4smile.com/quotes/author/harold-monro/) > [Have you ever had that relationship where you liked someone and went out with them, but deep down inside you knew it wasnt meant…](https://sms4smile.com/quotes/anonymous/have-you-ever-had-that-relationship-where-you-liked-someone-and-went/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## More by Steve Eisman > [I've always felt there was something wrong with Wells Fargo's culture, for a very, very long time.](https://sms4smile.com/quotes/steve-eisman/i-ve-always-felt-there-was-something-wrong-with-wells-fargo-s-culture/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [I don't see the value in Tesla.](https://sms4smile.com/quotes/steve-eisman/i-don-t-see-the-value-in-tesla/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [The world needs more standardization, less innovation.](https://sms4smile.com/quotes/steve-eisman/the-world-needs-more-standardization-less-innovation/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [When you're levered 9 to 1, it'd be unreal for a bank to go down.](https://sms4smile.com/quotes/steve-eisman/when-you-re-levered-9-to-1-it-d-be-unreal-for-a-bank-to-go-down/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [That Wall Street has gone down because of this is justice ... They built a castle to rip people off. Not once in all…](https://sms4smile.com/quotes/steve-eisman/that-wall-street-has-gone-down-because-of-this-is-justice-they-built/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [It's not hard to have a second act. It's just that the second act's not going to be as exciting.](https://sms4smile.com/quotes/steve-eisman/it-s-not-hard-to-have-a-second-act-it-s-just-that-the-second-act-s/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [What value does cryptocurrency actually add? No one's been able to answer that question for me.](https://sms4smile.com/quotes/steve-eisman/what-value-does-cryptocurrency-actually-add-no-one-s-been-able-to/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [Do your own homework. I can't overstate the importance of this.](https://sms4smile.com/quotes/steve-eisman/do-your-own-homework-i-can-t-overstate-the-importance-of-this/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [Deutsche Bank is a problem bank.](https://sms4smile.com/quotes/steve-eisman/deutsche-bank-is-a-problem-bank/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [Elon Musk is a very, very smart man, but there are a lot of smart people in this world, and you've got to execute.…](https://sms4smile.com/quotes/steve-eisman/elon-musk-is-a-very-very-smart-man-but-there-are-a-lot-of-smart/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [Daniel Tarullo has more power of the U.S. banking system than anybody since Alexander Hamilton. That's not an exaggeration, by the way.](https://sms4smile.com/quotes/steve-eisman/daniel-tarullo-has-more-power-of-the-u-s-banking-system-than-anybody/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [My parents worked as brokers at Oppenheimer securities. They managed to finagle me a job.](https://sms4smile.com/quotes/steve-eisman/my-parents-worked-as-brokers-at-oppenheimer-securities-they-managed/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [I'm not really worried about England's banks.](https://sms4smile.com/quotes/steve-eisman/i-m-not-really-worried-about-england-s-banks/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [The only thing that I know for sure is that the people who invest in the U.K., those investors, believe strongly that the ramifications…](https://sms4smile.com/quotes/steve-eisman/the-only-thing-that-i-know-for-sure-is-that-the-people-who-invest-in/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) > [I know my Trotskyites well, and I know you don't want to be invested in the U.K. if a Trotskyite is prime minister.](https://sms4smile.com/quotes/steve-eisman/i-know-my-trotskyites-well-and-i-know-you-don-t-want-to-be-invested/) [Steve Eisman](https://sms4smile.com/quotes/author/steve-eisman/) [Explore all 40 Steve Eisman quotes ](https://sms4smile.com/quotes/author/steve-eisman/) ## More Cultural issues quotes > [I deal with cultural issues whether they be in the Middle East, Far East, the Orient or the West. You broach questions in the…](https://sms4smile.com/quotes/ravi-zacharias/i-deal-with-cultural-issues-whether-they-be-in-the-middle-east-far/) [Ravi Zacharias](https://sms4smile.com/quotes/author/ravi-zacharias/) > [We've got a cultural issue in America. We've got to change the whole way the issue is looked at. That's the mission. Some in…](https://sms4smile.com/quotes/george-w-bush/we-ve-got-a-cultural-issue-in-america-we-ve-got-to-change-the-whole/) [George W. Bush](https://sms4smile.com/quotes/author/george-w-bush/) > [I like Mitch Daniels on the fiscal conservative issues. You disagree with him on this idea that social issues, you takeoff the table. I…](https://sms4smile.com/quotes/mark-steyn/i-like-mitch-daniels-on-the-fiscal-conservative-issues-you-disagree/) [Mark Steyn](https://sms4smile.com/quotes/author/mark-steyn/) > [I have very mixed feelings about Jesse Jackson. He's very good about labor, and human and civil rights issues, but not so good on…](https://sms4smile.com/quotes/jello-biafra/i-have-very-mixed-feelings-about-jesse-jackson-he-s-very-good-about/) [Jello Biafra](https://sms4smile.com/quotes/author/jello-biafra/) > [Take the life issue. This issue requires a president and an administration leading our nation to understand the importance of life. This whole faith-based…](https://sms4smile.com/quotes/george-w-bush/take-the-life-issue-this-issue-requires-a-president-and-an/) [George W. Bush](https://sms4smile.com/quotes/author/george-w-bush/) > [ I can fully understand \[that\] artists want to be able to pay their bills. As a fan of art, and art as a way… ](https://sms4smile.com/quotes/bruce-pavitt/i-can-fully-understand-that-artists-want-to-be-able-to-pay-their/) [Bruce Pavitt](https://sms4smile.com/quotes/author/bruce-pavitt/) > [The largest cultural menace in America is the conformity of the intellectual cliques which, in education as well as the arts, are out to…](https://sms4smile.com/quotes/anonymous/the-largest-cultural-menace-in-america-is-the-conformity-of-the/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The climate of today is not really focused as much as it was then on being able to speak about different cultural issues or…](https://sms4smile.com/quotes/alicia-keys/the-climate-of-today-is-not-really-focused-as-much-as-it-was-then-on/) [Alicia Keys](https://sms4smile.com/quotes/author/alicia-keys/) > [We've got to find ways of confronting the issues that divide - and at the heart of cultural issues, you often find religions.](https://sms4smile.com/quotes/george-carey/we-ve-got-to-find-ways-of-confronting-the-issues-that-divide-and-at/) [George Carey](https://sms4smile.com/quotes/author/george-carey/) > [There are cultural issues everywhere - in Bangladesh, Latin America, Africa, wherever you go. But somehow when we talk about cultural differences, we magnify…](https://sms4smile.com/quotes/muhammad-yunus/there-are-cultural-issues-everywhere-in-bangladesh-latin-america/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) > [Cultural issues can be handled by states, and they can be handled by school boards and local libraries and city commissions.](https://sms4smile.com/quotes/doug-burgum/cultural-issues-can-be-handled-by-states-and-they-can-be-handled-by/) [Doug Burgum](https://sms4smile.com/quotes/author/doug-burgum/) > [I think IT projects are about supporting social systems - about communications between people and machines. They tend to fail due to cultural issues.](https://sms4smile.com/quotes/tim-berners-lee/i-think-it-projects-are-about-supporting-social-systems-about/) [Tim Berners-Lee](https://sms4smile.com/quotes/author/tim-berners-lee/) > [I think the next president needs to lead on cultural issues and experience, particularly on foreign policy.](https://sms4smile.com/quotes/sam-brownback/i-think-the-next-president-needs-to-lead-on-cultural-issues-and/) [Sam Brownback](https://sms4smile.com/quotes/author/sam-brownback/) > [Once the reader firmly grasps the truth of human exceptionalism under our Creator God, then the answers to confusing cultural issues begin to be…](https://sms4smile.com/quotes/joni-eareckson-tada/once-the-reader-firmly-grasps-the-truth-of-human-exceptionalism-under/) [Joni Eareckson Tada](https://sms4smile.com/quotes/author/joni-eareckson-tada/) [Browse all 15 Cultural issues quotes ](https://sms4smile.com/quotes/about/cultural-issues/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The cultural issues, I think, at Wells Fargo went very, very deep. 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