Wells Fargo Bank Case

Decent Essays
I am concerned for the future of America, when I see that a corporation can blatantly violate the law, and get by with just a “slap-on-the-wrist”. The recent fiasco at Wells Fargo Bank regarding the opening of non-approved accounts for consumers and businesses is one such blatant violation.
The 5,300 employees offered up as penance for Wells Fargo misdeeds just barely scratches the surface of the heights of those up the management chain that benefitted. For John Stumpf, the Chairman and CEO of Wells Fargo Bank, to claim that this was not result of the “culture” at Wells Fargo Bank is absurd and I feel ashamed to have the ability to claim that I work for him.
After the 2008 financial debacle, Wells Fargo Bank did the right thing and created
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