Post Profile






Thank You, Wells Fargo

Wells Fargo, the largest U.S. bank, has provided us with a great example of the power of pay as a motivator. Its incentive program, which provided payouts to managers, employees and executives for opening new accounts, resulted in millions of new, falsely opened accounts. Once again, it is made clear that pay can be a powerful motivator of behavior. This tends to be forgotten when articles are continually written about the importance of non-financial rewards such as meaningful work and social purpose.
read more

share
See more about: Wells Fargo

Related Posts


3 Questions Wells Fargo Should Have Asked About Its Incentive Program

Business & Finance : Forbes: Business

Wells Fargo Bank has spent $185 million to settle regulatory allegations of opening improper accounts and fired 5300 workers. The bank risks becoming the Chipotle of financial services: “I used to like them, but now I’m afraid to go...

Wells Fargo fined $185M over unauthorized bank accounts

Business & Finance : USAToday: Money

Wells Fargo employees created unauthorized bank accounts in order to boost sales, prompting the bank to fire 5,300 employees. Wells Fargo must pay massive fines and restitution to its customers.        

San Francisco — Wells Fargo's hometown — might ditch the bank (WFC)

Business & Finance : Business Insider: Money Game

San Francisco may be dropping Wells Fargo for city business after its settlement with regulators over the opening of 2 million accounts in the name of customers without their knowledge between 2011 and 2015. The hit may be particula...

Wells Fargo's Polar Opposite

Business & Finance : Forbes: Business

Wells Fargo continues to wrestle with its recent scandal, in which some 5,000 employees were shown to have opened fake accounts. New CEO Tim Sloan said last Friday that he wants to “earn back” the bank’s reputation. Good luck to him...

Thank You Wells Fargo

Business & Finance : Forbes: Business

Wells Fargo, the largest U.S. bank, has provided us with a great example of the power of pay as a motivator. Its incentive program, which provided payouts to managers, employees, and executives for opening new accounts, resulted in ...

Comments


Copyright © 2016 Regator, LLC