
Money – A motion by a Wells Fargo shareholder to remove protections for LGBT workers from the company's non-discrimination policy was defeated this week at its annual meeting. Wells Fargo & Co. is the fifth largest U.S. bank by assets.
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Although money is not usually the forum on which I post stories, I felt this one belongs here. It is a huge financial as well as human rights decision to allow gay and lesbian employees of Wells Fargo to be treated without fear of reprisal or discrimination. The company is taking a monetary gamble; one I think will have huge dividends. The expense of paying for partner benefits, for example, might be one way of attracting qualified gay and lesbian candidates for positions.
Excellent news for the company.