Why Is Wells Fargo Still In Business?

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2 Responses

  1. Douglas Weeden says:

    “I think it’s a fine company, and so they made one bad decision about an incentive plan. I regard it as an honest mistake, not as some deep moral failure. Nobody was being malevolent in the high ranks of Wells Fargo. They just had a blind spot.”

    • eeggert says:

      Yes, it was a terrible policy that encouraged abuse. The malevolence comes when management suppresses and retaliates against those in the organization that tried to explain how it was being abused and stop it. The policy of suppression and retaliation went on for years.