He wants a $10,000 raise for all employees at the firm.
MarketWatch reports that Oates wrote an email to the CEO of the company, John Stumpf, asking for more money. The email went out to the CEO and about 200,000 employees of Wells Fargo & Co. reported the Charlotte Observer.
The Oregon-based employee asked the CEO distribute more profits to Wells Fargo employees, in the name of reducing income inequality. Oates went further and asked for a $10,000 raise for the approximately 263,500 employees at the firm.
'Show the rest of the United States, if not the world, that, yes, big corporations can have a heart other than philanthropic endeavors,' he said in the email, the newspaper reported. A purported copy of the letter, with Oates’s name left off, is on Reddit.
In a statement, Wells Fargo said 'We provide market competitive compensation that combines base pay with a broad array of benefits and career-development opportunities for team members.'
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