Wells Fargo: Corporate Culture & Valuing Value over Profits
My wife considers me a bit of a news junkie, and we often find ourselves disagreeing on the nature and purpose of the news. Rightly so, too often, Emily argues that the news is simply a collection of stories highlighting everything that is sad and wrong in this world.... One of the news stories i've been closely tracking is the Wells Fargo debacle. Check out this ABC News Story for an overview. It's really a sad story and situation, and a seemingly horrible environment to work in. I'm fascinated at how Wells Fargo let their culture and work environment grow to the point where hundreds or thousands of their employees were deliberately creating fake bank accounts using customer accounts. I can only imagine, of course, how challenging it is to run a company the size of Wells Fargo. Recently, John Stumpf, the CEO who was at the helm throughout this crisis, resigned his position at Wells Fargo. Throughout the investigation, Stumpf has done his best to take responsibility, ap...