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Wells Fargo

Wells Fargo

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by: MarT Active Indicator LED Icon 9 OP 
~ 7 years ago   Sep 29, '16 9:18am  
Another congressional group questioning the CEO. A lot of political grand standing. One person making the employees who opened the fraudulent accounts victims.
 
The company was wrong to set unreasonable sales requirements and should have caught it faster, but geez what happened to personal responsibility? I wouldn't cheat to meet goals. 4951
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ZMAN Active Indicator LED Icon 10
~ 7 years ago   Sep 29, '16 9:21am  
I wouldn't cheat to meet goals.
 
@MarT: You might, if your ability to feed your family or keep your health insurance was at stake, especially in in a poor job market.
4951
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MarT Active Indicator LED Icon 9 OP 
~ 7 years ago   Sep 29, '16 9:24am  
No, I wouldn't! 4951
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ZMAN Active Indicator LED Icon 10
~ 7 years ago   Sep 29, '16 9:30am  
No, I wouldn't!
 
@MarT: Okay, you are obviously an example of virtue for us all to strive to be like, but you have to see how people given unrealistic expectations would cheat in order to feed there families and keep thier jobs.  If you don't understand how that would happen you are as naive as you are noble.
4951
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JerryJustice Active Indicator LED Icon 3
~ 7 years ago   Sep 29, '16 9:33am  

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>> No, I wouldn't!
 
@MarT: Okay, you are obviously an example of virtue for us all to strive to be like, but you have to see how people given unrealistic expectations would cheat in order to feed there families and keep thier jobs.  If you don't understand how that would happen you are as naive as you are noble.
 
@ZMAN: There are still good hardworking people in the world that would rather risk struggling for a few weeks to find another job than risk their own livelihood all together for fraudulent accounts.
4951
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sh56 Active Indicator LED Icon 13
~ 7 years ago   Sep 29, '16 9:42am  
Our daughter worked for them several years ago.  Even then, there was a huge push to meet goals, although she says she never saw evidence of fraudulent accounts at the branches where she worked.  The push was enough to make her (and others) feel uncomfortable, though, and she went elsewhere. 4951
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MarT Active Indicator LED Icon 9 OP 
~ 7 years ago   Sep 29, '16 9:51am  
My Dd worked there, she hated it, the sales goals made everyone miserable, she found a different job. 4951
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ZMAN Active Indicator LED Icon 10
~ 7 years ago   Sep 29, '16 9:57am  

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>>
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>> No, I wouldn't!
 
@MarT: Okay, you are obviously an example of virtue for us all to strive to be like, but you have to see how people given unrealistic expectations would cheat in order to feed there families and keep thier jobs.  If you don't understand how that would happen you are as naive as you are noble.
 
@ZMAN: There are still good hardworking people in the world that would rather risk struggling for a few weeks to find another job than risk their own livelihood all together for fraudulent accounts.
 
@JerryJustice: Right, I get that, I never said there wasn't. But, come on guys, seriously, its not like this wells fargo thing was isolated to a few bad apples. This was some wide spread ****. Sure some people are going to say no way and quit, but thats fine with WF because they would have fired them anyway. The managers were creating this culture and I'm sure a lot of decent people found themselves doing what they thought was harmless grey area stuff (encouraged by management) in order to keep their jobs.
4951
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rugburn Active Indicator LED Icon 1
~ 7 years ago   Sep 29, '16 10:01am  
There was no gray area. What they did was wrong, illegal, immoral, unethical, and dishonest. Period. Don't waste our time justifying, minimizing, and rationalizing that behavior. 4951
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MarT Active Indicator LED Icon 9 OP 
~ 7 years ago   Sep 29, '16 10:02am  

- - - - - - - -
>> No, I wouldn't!
 
@MarT: Okay, you are obviously an example of virtue for us all to strive to be like, but you have to see how people given unrealistic expectations would cheat in order to feed there families and keep thier jobs.  If you don't understand how that would happen you are as naive as you are noble.
 
@ZMAN:
Well, I am neither naive or noble and have left jobs that had sales expectations I was not comfortable with. I could have found ways to cheat, others did, but my integrity is more important to me than a crappy job. People aren't starving in the streets in the US, unless they choose to. The company is ultimately responsible, but the cheating employees are not victims.
 
I think it's telling that you are critical of people who have integrity. Fraud is not a grey area.
4951
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beastmode Active Indicator LED Icon 12
~ 7 years ago   Sep 29, '16 10:06am  
If people would start going to jail it would stop. I would send everyone involved to jail. Everyone. Bet it never happens again. Also big fines. I would Torpedo Wells Fargo. So many good banks out there. Nobody would miss them. 4951
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ZMAN Active Indicator LED Icon 10
~ 7 years ago   Sep 29, '16 10:13am  
If people would start going to jail it would stop. I would send everyone involved to jail. Everyone. Bet it never happens again. Also big fines. I would Torpedo Wells Fargo. So many good banks out there. Nobody would miss them.
 
@beastmode: Yeah because the jails aren't crowded enough already. You're always full of great ideas. And good bank is an oxymoron. 4951
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ET Active Indicator LED Icon 17
~ 7 years ago   Sep 29, '16 10:26am  
I would Torpedo Wells Fargo.
 
@beastmode: Nooooo, I would have to change all my accounts to some other crappy bank where they have yet to uncover their fraud.
4951
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MarT Active Indicator LED Icon 9 OP 
~ 7 years ago   Sep 29, '16 10:42am  
Yeah, we bank there and I'm not changing banks and they did open up accounts Ds didn't want.  It was this young punk banker, I should have known at the time, that it wasn't a mistake.  We just had them closed.  I figure they aren't worse than most banks.I worked at a small privately owned community bank, like 8 branches.  It was a great little bank, excellent customer service.  A few months before I quit they brought in a new bank President from a big bank, he ruined that little bank.  It became all about cross selling and annoying our customers. 4951
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TheTruthHurts Active Indicator LED Icon 12
~ 7 years ago   Sep 29, '16 10:45am  
The entire evolution of the sales industry and its practices has been one huge nose dive into the sketchy. It's disgusting what they make people do. While WF seems to have gone out of its way to be pigs  of the most disgusting kind, most other places aren't that far behind, especially the insurance industry.I recently cancelled an ins policy and had a refund coming. I told them weeks ago of this need and they said ok sign this paper...well the next thing I know, they not only hadn't cancelled it but we're setting me up for auto f'ing draft for another policy.  I was livid. When I called I said how the HELL did u get my bank info to do that without my consent?? She said oh, since you did that last year, we just continued it. But NO you didn't bc I paid for the policy in cash in full up front....yet they took the liberty of doing that anyway.  Welcome to life in the USA. You gotta watch your back, and money, 24/7. 4951
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MarT Active Indicator LED Icon 9 OP 
~ 7 years ago   Sep 29, '16 10:58am  
@TheTruthHurtsI agree! Most of my jobs have been in investment, insurance and banking.  The scummiest people were life insurance salesman, close behind investment brokers.  I worked back office and was frequently having to refuse to do unethical things.  But, the most unpleasant job was USAA, they like to have this squeaky clean image, just there to serve the military. Trust me, they are all about selling you another product. 4951
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