Prof. Matthew Bodie Quoted in Bloomberg Law About Wells Fargo Union Vote

Professor Matthew Bodie was quoted in Bloomberg Law about workers at Wells Fargo unionizing bank branches. Employees at a branch in Albuquerque, N.M., voted to organize on Dec. 20 but a petition for a union vote was withdrawn the following day at a branch in Bethel, Alaska. The vote in New Mexico was an important first step in organizing Wells Fargo, which the union targeted in part because of its troubled history with fake accounts and other workplace issues. But Professor Bodie pointed out that while organizing a small unit nearly always guarantees success, it makes bargaining harder, “My worry on the part of the employees is what happens when you sit down at the bargaining table.”