Fargo

Wells Fargo was the company I have selected for my final project. My rationale for choosing them is slightly beneficial for me because I am a customer and have been since early 2000. As a client, I want see how were going to turn around the public and stakeholders view of their Corporate Social Responsibility after many mishaps in the past few years. One of Wells Fargo biggest mishaps was their unfair lending practices and also a more resent problem were bank employees issuing unwanted credit…

AN ANALYSIS OF THE WELLS FARGO ACCOUNT SCANDAL INTRODUCTION Paying bank fees may be one of the most annoying, unwanted situations customers experience in the banking system. Imagine the fees paid suddenly becoming multiplied, and you were paying for accounts you didn’t even sign up for. For Wells Fargo customers, this nightmare became a harsh reality. The 185 million dollar Wells Fargo Bank account scandal began in 2011 and was revealed to the public five years later after…

For a considerably long time, Wells Fargo has managed to cultivate an excellent reputation as one of the most efficiently managed banking institutions in the United States. However, this immaculate reputation has been tarnished in the wake of the recent fake accounts scandal. Since the beginning of the decade, the employees of the bank have created millions of fake credit cards and bank accounts. From 2011 to 2016, this banking institution has managed to collect a staggering $2.6 million in…

The study, that was discussed in subsection 2(A), stated that the number of people that would not join Wells Fargo jumped from 22% to 54% (Egan 2016). This shows just how devastating unethical decisions can be on a company, but it also has a tremendous effect on other aspects of the business. New customers are essential to any business and if more than half of…

On that same hand employee retention consistently remained low for over six years until this past quarter where Wells Fargo saw the lowest level of turnover. This could very well be because of the drastic changes occurring within the company because of the scandal. No longer are employees required to hit unrealistic sales goals or be pitted against one another in order to receive bonuses. Also doing what is truly right by their customer probably feels good after so long of working against the…

ASSIGNMENT REPORT ON FAKE BANK ACCOUNTS SCAM IN WELLS FARGO BANK USA 1. Describe what happened. The case in discussion here is opening of unauthorized and fake bank accounts by employees of Wells Fargo Bank all over US. Various employees in Wells Fargo Retail stores all over the country signed up customers for various products like a new checking accounts, debit accounts, credit card accounts without their approval or consent. The employees then used to transfer money from the customers…

A Risk Assessment Plan plays a big role in any company, whether it is big or small company. The risk assessment will help identify the vulnerabilities and threats to the Wells Fargo IT resources. Which will help determine the impact of those vulnerabilities, threats, and unauthorized access. Having some knowledge of what type of risks expect will help mitigate them faster. There are a several steps needed for a good risk assessment plan, which will essentially help the company be in compliance…

significance of making an ethics-focused decision with its ethics parameters. On May 5, 2015, Wells Fargo Bank is sued…

outcomes in which the founder and stakeholders which to take it (Parnell, 2016). With such a clear vision, no one would expect reports of former Wells Fargo workers participating in unethical sales activities (Egan, 2016). Even more so, today’s news of John Stumpf, stepping away from his dual roles as Chairman and Chief Executive of Wells Fargo (Glazer, 2016). The U.S. Consumer Financial Protection Bureau…

The short story, The Most Dangerous Game, written and published in 1924, by Richard Connell. In the story, a hunter named Rainsford is stranded on an island, owned by a wealthy Cossack named Zaroff. Who hunts humans, not animals. Zaroff then gives Rainsford a choice, to be hunted by Zaroff for three days, or to be killed by Zaroff’s manservant, Ivan. Rainsford chooses to be hunted by Zaroff and is given hunting gear. On the last day of the hunt, Zaroff and his dogs corner Rainsford, and…