4 ms·
Morally perhaps, but not legally. It's sad really. It seems to me that the whole Wells Fargo scandal is ultimately a lesson about how this company abused thei
by trgv 9y ago
Morally perhaps, but not legally.
It's sad really. It seems to me that the whole Wells Fargo scandal is ultimately a lesson about how this company abused their employees and set them impossible tasks like "each customer should have X credit cards and Y accounts."
But that's not what people seem to have taken from it. Instead, the whole incident has been presented as "just another big bank defrauding its customers." In reality though, the goal of the fraud was not to enrich anyone, it was just for these employees to keep their jobs.
It feels like this whole incident could have spurred a conversation about the toxicity of these kind of unrealistic sales goals that provide no benefit to the customer, but it didn't.
- QAPereo 9y agoThe goal was to enrich a smaller number of people higher up the chain than the employees who actually committed the fraud. Your argument also is a strong case for why leadership is almost certainly to blame, since they are the only ones who were enriched or helped at all.