Today, a planned action against Wells Fargo involving thousands of people will take place in San Francisco. Wells Fargo holds its annual shareholder meeting there; these protesters plan to march from Justin Herman Plaza to the site of the shareholder meeting, where they will, in their own words, attempt “to shut down the meeting and disrupt the proceedings in order to demand Wells Fargo CEO John Stumpf and other executives address the concerns of the 99%.”
These protesters will be pushing for an end to foreclosure – really! – as well as “predatory lending, tax dodging, and investment in private prisons.” In other words, Wells Fargo should stop participating in typical Wells Fargo activities, and embrace wild leftism, including “resetting post-bubble mortgages to their fair market values, divest from private prisons and immigrant detention centers.” How many of these protesters are actual shareholders? Very few.
The action is sponsored in large measure by the Service Employees International Union.