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Wells Fargo

Friday 26th of April 2024

Bankers Your definition of accountable is to push the blame to your low-level employees, who dont't have the money for a fancy PR firm to defend themselves. It's gutless leadership. The only way that Wall Street will change is if executives face jail time when they preside over massive frauds. Elizabeth Warren to John Stumpf, chairman and CEO of Wells Fargo, who the Senate Banking Committee was questioning about nearly 2,000,000 fee-generating accounts and credit cards opened without customers' knowledge, for which Stumpf was “deeply sorry,” while not promising to claw back compensation paid to any executive in the chain of command © 2016 Kwiple.com
 
Bankers say The analogy I use was that it was like lions hunting zebras. They would look for the weakest, the ones that would put up the least resistance. Former Wells Fargo employee describing how bankers there created unauthorized or unnecessary accounts for customers. Quoted by New York Times, October 21, 2016 © 2016 Kwiple.com