Cheat, lie, commit fraud - and get praised for it - Ahh, the business world

[packman]

"The Wells Fargo executive who oversaw a department responsible for opening more than two million unauthorized accounts will walk away with $125million when she retires at the end of the year.

Carrie Tolstedt served as the company's head of Community Banking for eight years, during which employees met sales quotas and racked up fees by opening 1.5million bank accounts and 565,000 credit cards for customers without their consent.

On Thursday, the Consumer Financial Protection Bureau fined Wells Fargo a record $185million, and 5,300 employees were fired over the course of five years as a result of the scandal."

So basically, her department gathered fees from phantom accounts and from credit cards that customers didn't consent to - and for that her stats look good. So what's the logical thing - give her a golden parachute and praise her performance.


Read more: http://www.dailymail.co.uk/news/article-3785550/Wells-Fargo-executive-led-employees-responsible-opening-2-million-unauthorized-accounts-receive-125million-retirement-package-year-s-end.html#ixzz4K4histmS

[no_hypocrisy]

1. Reminds me of "Trading Places"

Randolph Duke: Money isn't everything, Mortimer.

Mortimer Duke: Oh, grow up.

Randolph Duke: Mother always said you were greedy.

Mortimer Duke: She meant it as a compliment.

[FailureToCommunicate]

2. Awful, but not surprising. Must send another sharply worded email.

At least we still have "The Consumer Financial Protection Bureau"