Wells Fargo and United Way Fight Hunger this Holiday
Mary Sellers, U.S. President of United Way Worldwide, discusses the company's long history with Wells Fargo and this holiday's mission to fight hunger across the U.S.
Wells Fargo will have pop-up food banks at 5,900 branch locations across the U.S., covering 17 different cities. Customers will be able to donate non-perishable items to their local food banks. The initiative began on Giving Tuesday and will run through the end of December.
Sellers talks about the controversy Wells Fargo has faced with its phony accounts scandal over the last year, noting United Way's long-time relationship with the bank. She adds that this campaign to raise awareness about hunger is integral to what Wells Fargo is and not merely an attempt to help its image.
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Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
