Where was the Wells Fargo board as hotline complaints poured in?
Over the past few days, it has become evident that within the Consumer Banking Division of Wells Fargo, the culture is even more toxic than has originally been reported.
In a Sept. 21 CNN Money article headlined, “I called the Wells Fargo ethics line and was fired,” reporter Matt Egan writes that the news organization spoke with a number of Wells Fargo employees who were fired for reporting unethical practices on the ethics hotline and to the bank’s human resources department.
These unethical practices consisted of opening more than 2 million bogus accounts in customers’ names as well as selling products to customers they didn’t want or need, driven by a financial incentive system run amok.
Former Wells Fargo employees confirmed to CNN Money the bank’s practice of firing employees who reported unethical practices.
http://www.bizjournals.com/seattle/how-to/growth-strategies/2016/09/where-was-the-wells-fargo-board.html
