Posted on 09/17/2016 11:29:35 AM PDT by sparklite2
A series of cutting animated videos blasting Wells Fargo’s sales incentives are getting a new life online in the wake of the bank settling federal regulatory probes that found its employees created more than 2 million bogus accounts — slamming customers with $2.6 million in fees — in order to meet branch quotas.
“If tellers and bakers make those sales numbers at the end of the month everybody in the branch will get a $5 gift card to McDonalds,” the manager says in the video. “The district manager will get a $10,000 cash bonus, and the community banking president executive will get a $50,000 cash bonus.”
(Excerpt) Read more at nypost.com ...
Too bad they pulled their support for the GOP convention. President Trump may have helped them. Sarc
I suspect she told them if they cut a penny she’d talk.
bump
You've got to start out just cooking the books. Only after doing that can you move up into baking.
$5 gift card to McDonalds, not even Arby’s.
I have a relative working at a competitor as well—and she really hates it—retiring soon.
Most large organizations are overrun with sociopaths in the higher levels of management.
Jail time is the best solution—let them meet their more violent peers in confined quarters.
a nice young lady I know was fired from the local Key bank because she didn’t sell enough accounts. This town is a sleepy backwater. Mostly elderly bank population. Great employee and she was forced from teller to sales woman.
If they told me the district manager gets 10K and I get a $5.00 gift card to McDonalds I would say to myself screw em keep your 5 dollar gift card.
Yeah, but if you don't make your quota you get a $10 certificate to McDonald's.
Since the animation has some other silly claims, I suspect the McDonald’s one isn’t to be taken seriously. People aren’t that stupid. Or are they?
“Ditch-digging is a little slow for now, Smathers, so I want you to service the nuclear reactor.”
I was never a salesman and have great admiration for the good ones. Thinking all the skill sets in a company are interchangeable speaks of an executive who is heading for a fall.
At the very yeast.
I was never a salesman and have great admiration for the good ones. Thinking all the skill sets in a company are interchangeable speaks of an executive who is heading for a fall.
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Crosstraining was popular in healthcare and some other fields. Mostly back room work. As a management tool it didn’t much leave the nineties.
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