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WELLS FARGO VP CARL NELSON ‘GAVE FEMALE SUBORDINATE UNWANTED MASSAGES, INVITED
HER TO EXERCISE AND SHOWER WITH HIM’: LAWSUIT

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May 10, 2023 1:35pm
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May 10, 2023 1:44pm
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MORE ON: WELLS FARGO


 * WELLS FARGO PAYS $35M FINE FOR CHARGING EXCESSIVE ADVISORY FEES: SEC


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A former Wells Fargo executive gave unwanted massages to a female subordinate
because she “looked tense,” invited her to his house to “exercise and shower
with him” and threatened to deny her job opportunities if she didn’t date him,
according to an explosive lawsuit.

Former senior vice president Carl Nelson and Wells Fargo are named in a lawsuit
filed in Los Angeles Superior Court on May 2 by an unidentified woman who was
promoted to the position of vice president and senior portfolio manager in 2005,
according to court filings.

The woman alleged in court papers that Nelson, who according to the legal filing
was “a superior” within the company and thus “had the authority to determine
whether” she received sales calls, subjected her to “sexually explicit comments
and inappropriate touching” beginning in 2016.

“We take all allegations of misconduct very seriously,” a Wells Fargo
spokesperson told The Post. “We just learned of the lawsuit [on Wednesday] and
are reviewing it.”

According to the court filing, two of the woman’s assistants who are said to
have witnessed Nelson’s alleged behavior would walk into her office when they
noticed Nelson was there in an attempt to “block Nelson’s touching.”

The Post has sought comment from Nelson, who has since left Wells Fargo to take
a position at UBS.

Carl Nelson, a former senior vice president at Wells Fargo, was named in a
sexual harassment and discrimination lawsuit filed in California court this
week.UBS

On one occasion in 2016, the woman brought her fiancé to the office for lunch.
According to court papers, Nelson began referring to her fiancé as a “boy toy”
before he “proceeded to ask [her] to have dinner and wine with him instead,” it
was alleged.

She alleged that the inappropriate behavior continued “even after reporting [it]
to her immediate report and Human Resources,” according to court papers.

“For years, Wells Fargo did close to nothing to investigate [the woman’s]
complaints of sexual harassment,” according to the court filing. “Thus, Nelson’s
inappropriate behavior continued.”

Between 2018 and 2020, Nelson “used his authority and status to threaten” the
woman “to see him outside of work,” according to the court filing.

She alleged in court papers that Nelson “would tell [her] that he would not give
her any sales opportunities…unless [she] went out with him.”

The woman claimed in court documents that she complained about Nelson’s alleged
behavior to her manager, Tim Smith.

Smith, whose purported LinkedIn page lists him as a regional investment manager
at Wells Fargo, allegedly told the woman to respond to Nelson’s alleged
invitations to go out with him by telling Nelson that she “only works during
business hours,” according to the court filing.

Smith was not immediately available for comment. He did not respond to a request
sent to his purported LinkedIn page.

The woman alleged in the court filing that she “asked Smith to remove her from
all business accounts associated with Nelson” because she “could no longer bear
the thought of working” with him.

A former Wells Fargo employee has alleged that the bank failed to address her
complaints of sexual harassment by a superior.REUTERS

But Smith allegedly refused to do so, “thus forcing [her] to continue working
with Nelson,” court papers alleged.

Smith is also alleged to have subjected the woman to sexist insults, telling her
“You yell too much” or “You speak too loud,” according to court documents.

In October 2020, the woman alleged that she was laid off by the company “because
of COVID-19.”

But the lawsuit alleged that the bank laid her off by using the pandemic as a
“pretext,” according to court papers.

“There is a seemingly entrenched apathetic culture at Wells Fargo wherein men in
positions of power are left undeterred so long as they produce money for the
bank,” the woman’s attorney, Ron Zambrano, told The Post.

11
What do you think? Post a comment.

Zambrano added: “Wells Fargo should have done much more to not only stop this
conduct, but to prevent it from going forward. Enough is enough.”

Zambrano is also representing a former Wells Fargo employee who alleged that she
was drugged and raped by Eric R. Pagel, a senior investment strategist at the
bank, in a Bakersfield, Calif. hotel room in late January 2020.

Pagel has not responded to the allegations.




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Filed under
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 * 5/10/23

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