Can Wells Fargo Fix its Defective Culture? (Part I of III)

You may also like...

3 Responses

  1. Truther says:

    I can tell you definitively that “gutless leadership” permeates the Wells Fargo workforce. Managers are more concerned about saying what their superiors want to hear, not what they need to hear.

  2. Dennis Myhre says:

    What investigators know to date is a proverbial “tip of the iceberg” when it comes to Wells Fargo’s “defective culture.” Prior to and during the 2008 financial meltdown, Wells Fargo consorted with a large mid-western insurance company and a South Korean group of investors, possibly including now ousted President Park Geun-hye, to defraud millions of 401(k) investors.

    Investigators have only to follow the money involving the purchase, sale, then purchase by the Koreans, then re-purchase and sale again by Wells Fargo, of their own corporate headquarters located at 333 Market Street, in San Francisco. While hundreds of millions of dollars was lost by 401(k) investors, this deal was brokered by a corporate director working for the insurance company who was later charged by local police with abducting a stranger at gunpoint to obtain narcotics.

    The information described above is well documented and obtainable by curating the media and public records. Financial crimes will continue to flourish until like-minded industry leaders with integrity join forces with regulators and report these violations, demanding restitution and prison time for violators. Only through the sharing of information can investors survive the world of corruption we now have in the financial industry.

  1. April 10, 2017

    […] Read Full Article: Can Wells Fargo Fix its Defective Culture? (Part I of III) – Corruption, Crime & Complianc… […]