3 ms·
Not taking steps to prevent emergent discrimination or malfeasance is careless. Do you think the board of directors wants to find out that the CEO intentionally
by riskable 10y ago
Not taking steps to prevent emergent discrimination or malfeasance is careless. Do you think the board of directors wants to find out that the CEO intentionally ignored calls to the ethics hotline? That he didn't take steps to ensure whistleblowers weren't punished?
The consequences of these things are very bad for stock prices! This is doubly true for banks which take reputational risk far more seriously than most businesses.
- GFK_of_xmaspast 10y agoWells Fargo stock appears to be back up to where it was a few months ago