Wells-Fargo deserves Elizabeth Warren

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beneficii
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16 Sep 2016, 1:53 pm

At Wells-Fargo, 5300 employees and managers opened unauthorized checking and credit card accounts for customers so they could walk away with big bonuses over a period of years:

http://www.nytimes.com/2016/09/17/busin ... lture.html

Wells-Fargo has fired those employees, all low-level employees, but has taken no action against the senior-level employees. They seem to be implying that either senior management didn't know this was happening or senior management could not have and was not responsible for knowing that thousands of their employees were cheating customers over a period of years. I'd say Wells-Fargo senior management was either complicit in this or they're "too big to manage", like what Senator Elizabeth Warren said. In fact, one senior manager who was over those employees is walking away with a multi-million dollar bonus.

Go get 'em, Senator Warren!


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TomS
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16 Sep 2016, 3:38 pm

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"Integrity is not a commodity. It’s the most rare and precious of personal attributes. It is the core of a person’s — and a company’s — reputation.”

- John Stumpf, Chairman and CEO, Wells-Fargo



Kraichgauer
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17 Sep 2016, 7:59 pm

I hope Warren rips them a new one.


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