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Great, now WF management will lay off staff, most of which were not involved in any king of wrong-doing. And management gets to keep their bonuses. Penalizing
by game_the0ry 4y ago
Great, now WF management will lay off staff, most of which were not involved in any king of wrong-doing. And management gets to keep their bonuses.
Penalizing Wells Fargo as a company will not solve the problem of institutional-scale bank fraud, but clawing back the compensation of executives will.
Accountability and skin-in-the-game need to make a comeback.