3 ms·
WF is an institution where there almost certainly are 5300 people who've never shook the hand of, much less meaningfully reported to, a C-level.
by rlucas 10y ago
WF is an institution where there almost certainly are 5300 people who've never shook the hand of, much less meaningfully reported to, a C-level.
- Zigurd 10y agoYou are overstating corporate facelessness and deniability. 5300 is about 2% of Wells Fargo's global headcount, maybe 4% of US headcount. That's enough for top of that management hierarchy to be senior management. There is an easy way find out how high it goes. Keep squeezing the biggest fish you have caught and see who they name. But since the names are secret, it's not possible to know how far DoJ got.
- rlucas 10y agoI'm not somehow advocating for executive impunity. I'm just responding to ggp about c-levels; saying that it's very plausible that 5300 folks at WF are effectively isolated from c-levels. Also, I tend to agree that secret corporate settlements do a disservice. Perhaps there should be a max life on the seal/secrecy.