Wells Fargo

Ethics

wells-fargo

It seems that some managers at Wells Fargo skipped  their Ethics class at business school. Of course, this type of conduct is not only present at Wells Fargo…..it can certainly exist and probably does in other businesses/organizations.

Wells Fargo has been in the news with the discovery of fraudulent accounts being opened…..huge fines being imposed and the CEO being grilled before Congress….as well he should. After all the buck has to stop somewhere. 

Along with the accounts issue another lack of ethics in the illegal repossessing of automobiles from armed service members. – http://money.cnn.com/2016/09/29/news/wells-fargo-servicemembers-cars/. Wells Fargo has been fined $24 million dollars for this misstep.

Wells Fargo said in a statement that it apologizes for not living up to its commitment of ensuring that all service members “receive the appropriate benefits and protections.” Of course, Wells Fargo apologizes after being caught….an ethical company would not have even considered this to begin with.

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