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Preoccupations: What Went Awry at Wells Fargo? The Beaten Path of a Toxic Culture

Employees at the bank and other companies that have been involved in scandals get their cues from what management signals, not what it says.
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Wells Fargo CEO to forfeit $45 million in pay over fake-accounts scandal

Business & Finance : LA Times: Business

Embattled Wells Fargo & Co. Chief Executive John Stumpf will forfeit compensation worth about $45 million, part of the company’s response to the still-unfolding scandal over millions of fake accounts created by bank employees. Stump...

Wells Fargo Chief Blames Employees, Not Company Culture, for Scandal

Business & Finance : DealBook

John Stumpf, the bank’s leader, told lawmakers the sham accounts were an ethical lapse limited to the 5,300 low-level employees, who were fired.

How Wells Fargo's Work Culture May Have Cleared The Way For Scandal

Business & Finance : Fast Company

The bank allegedly set unrealistic expectations and rewarded bad behavior. The bank allegedly set unrealistic expectations and rewarded bad behavior. The operating ploy that led Wells Fargo employees to open up millions of unauthori...

Street Scene: Wells Fargo Scandal May Be Sign of a Poisonous Culture

Business & Finance : DealBook

That senior executives were not held accountable for the reprehensible behavior of bank employees signals a wider cultural cancer on Wall Street.

Wells Fargo whistleblower describes bank's culture of blackballing threats and coerced corruption

Humor / odd : Boing Boing

On the latest Planet Money podcast (MP3), a former San Francisco Wells Fargo banker describes the bullying and coercion she faced from senior management while working at the bank's head office, and how the bank forced her out when s...


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