Skip to comments.Wells Fargo CEO: Bank’s Past Conduct Was ‘Deeply Disturbing’
Posted on 03/10/2020 6:28:57 PM PDT by wardamneagle
Wells Fargo & Co.s new CEO told Congress on Tuesday that the troubled bank engaged in deeply disturbing conduct but is charting a new path to move past its yearslong sales-practices scandal.
3-4 decades ago, they were doing weird stuff, and we finally went to another bank.
I have had little do to with them but can’t stand them.
Some years ago I had a truck loan through them. They called to say I missed a payment. Say what?????????
I had the cancelled check that they had cashed three weeks earlier. I had it in my hand when I called him back.
Them: We don’t care. Wire the money today or it will go on your record.
Me; ***** YOU!!!!
I guees he’s leaving the apology for their current conduct to the future ceo, who can then apologize for that ‘past’ conduct.
He has just bought in to clean the place up, and has no connection to the previous misconduct.
His job will take several years, and involve getting rid of thousands of upper level managers and executives. It is difficult to replace that many people at once, so it will be a long process. When he is done, you won’t recognize the place.
Wells Fargo CEO: Banks Past Conduct Was Deeply Disturbing
Wells Fargo CEO: I will not give back the 10’s of millions I made by all this illegal stuff.
Mistakes were made. Coulda shoulda woulda. What difference, at this point, does it make?
Does that mean also replacing most of the American workforce and offshoring the jobs to India or bringing unqualified H1B Indians into to US to steal more American jobs?
Really getting tired of calling customer service to be connected with some filthy Indian in Mumbai that has access to my financial and other information.
My post is clearly about replacing high-level managers, MBAs sitting in expensive offices making $200K or more a year.
Once you have good managers, they will provide the appropriate services to retail customers, rather than cutting costs regardless of quality. You can actually hire highly skilled guys in India if you are willing to pay up, but in that case you might as well hire US workers for the same price....if any are available.
That does not apply, because he was just hired.
.. of course, on the other hand..... it wasn’t just profitable, - it was highly profitable.
The bastards tried to steal my house a few years back. They should rot in hell.
This has happened before. Senior Management gets the bonus and the little people get ground up and have to cheat just to keep their jobs. There are a whole bunch of people who need to be in jail and barred from the industry
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