Curse of a thousand cuts. (Corruption) - ASE5 Wells Fargo Employee Review

Extreme Cronyism Scale back on promotions to lower costs. Consequently an institutionalized Peter principle now exists. Secret mandate to lay off all people in older generations of technology and processes, for newer generation. Change from Bachelors to Masters/Phd for technology promotions. Which will exclude a lot of superior people. i.e. Linus couldn't get a job at Wells Fargo he would be too inexperienced in Linux. 20+k below median market rates in salaries. They will burn out technical people because the average technical person even at the most advanced level, is more marketing than ability.