In this paper the topics about ethics and privacy are going to be the main topics of discussion. Two businesses are going to be used in order to give examples about ethics and privacy. The bank Wells Fargo is going to be used to explained bad ethics and bad privacy. Wells Fargo has failed the code of ethics, and also violated their costumer’s privacy, because they used information that should have been used without the customer’s consent. The company Nike is going to be used to represent good…
136). As the CEO and Chairman of the company, his focus should be the company, but he chose to focus on his own financial status. Additionally, by enforcing a compensation structure of the employees, Stumpf was compromising the integrity of Wells Fargo and allowed a huge lapse in moral and ethical stance due to the inviting charm of more money. Lastly, Stumpf made an attempt to apologize and take the blame for the scandal, but he initially refused to step down or fire Carrie Tolstedt (the former…
information from Columbia Southern University library database, I discovered articles about Wells Fargo unauthorized accounts opened in state of Pennsylvania. The authors dialogue expounds the huge waking in the scandal that affected and triggered intense scrutiny in company’s sales platforms. In the wake of a nationwide scandal over its sales practices, the author’s point of view was to give Wells Fargo customers the insider into how the problems will be investigated, and explain the ethical…
Fargo is a dark crime comedy released in 1996, directed by Joel Coen; written by Joel and Ethan Coen. The cast includes: Chief Marge Gunderson (Frances McDormand); Jerry Lundegaard ( William H. Macy); Carl Showalter ( Steve Buscemi); Gaear Grimsrud ( Peter Stormare); Wade Gustafson ( Harve Presnell); Mike Yanagita ( Steve Park) The opening of the movie described the balance, by showing a snowy / aggressive weather condition in Minnesota and North Dakota. Main Characters were introduced as a…
Case Analysis conducted on Wells Fargo’s Scandal. Introduction Wells Fargo and Company is a financial institution that provides banking services (community banking, wholesale banking), investment management, cross- selling and mortgage for individuals and organizations internationally. Wells Fargo and Co. has been in existence since 1852; it was known as both a shipping company and a bank. During this time period, Wells Fargo provided the fastest and most reliable means of transporting and…
Fargo is the fictitious story of a series of murders taking place in a small town in the state of Minnesota named Fargo. Fargo’s story in known for its comically dark tone which radiates an immersive feeling of hopeless dread; but what really makes it interesting is the fact that the tale is told in both movie and television format. What is so interesting about Fargo’s multiformat is that it gives the viewer the opportunity to analyze and dissect what aspects of both iterations make them…
Leadership and CRS research information. As stated in the introduction, Wells Fargo prides itself with the continuance of its founding values set by its leadership back in 1852. Today these values are still being held in high regard by the company’s commitment to its CSR. The involvement of leadership oversight to ensure that the…
Infoglut During Organizational Change Organizational change is often seen as necessary for any growing organization. Wells Fargo Bank has gone through numerous public scandals and crises over the last year, most notably the sales practices lawsuit in 2016. Since that revelation, several other controversial news headlines have popped up as well, including executive dismissals, class action lawsuits, and settlements. Over the past year, the company has tried to repair the reputation damage and…
Especially since the employees were opening fake accounts with no money in it, which doesn’t seem to benefit the bank much. Since Wells Fargo focuses on cross-selling, selling as many products as possible to existing customers is ideal. Because of this, each employee had a target of selling each customer at least eight products, which eventually increased to ten. This created a “high pressure…
like a safe net and for others it 's a ticket for having fun, excitement and adventure. A family 's cultural style often falls into one of four categories or a blend of the two says Arne Boudewyn; head of family dynamics for Abbot Downing, a Wells Fargo company. These four categories are as follows: 1. Cautious/ conservative- this family is extremely cautious about every financial decision they make. It takes them a long time to decide if making a big purchase is right for them. This…