• By shatit
  • September 20, 2013

Wells Fargo’s broken culture was first publicly revealed last

Wells Fargo’s broken culture was first publicly revealed last

canada goose clearance sale In fact, at one point Stumpf even praised Tolstedt to the board, calling her the “best banker in America.”Related: Top Federal Wells Fargo inspector removedStill, it seemed that Wells Fargo’s top management either didn’t recognize the enormity of the issue, or made few efforts to address this alarming problem, that was mushrooming fast.The board said it wasn’t until 2011 when a recurrence of events led Wells Fargo employment lawyers to recognize the sales pressure as a “root cause” of the abuse. That year, 13 fired Wells Fargo bankers and tellers at a California branch “charged management with being aware of, encouraging and benefiting from their conduct” and wrote a letter to Stumpf, the report said. The lawyers also combed through hundreds of interviews of lower level employees that were conducted by Wells Fargo.Wells Fargo’s broken culture was first publicly revealed last September, when it reached a $185 million settlement with the government. canada goose clearance sale

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