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Luckovich Toon - Wells Fargo CEO takes responsibility for his criminal actions (Original Post) groundloop Sep 2016 OP
Elizabeth Warren scorched this guy - "so have you suffered any consequences.....?" groundloop Sep 2016 #1
That was a THING of BEAUTY!! lastlib Sep 2016 #4
Yeah, and he apparently needed it. Sunny05 Sep 2016 #7
Amen. Sunny05 Sep 2016 #6
Great cartoon Gothmog Sep 2016 #2
Usually a stagecoach robbery means the stagecoach was robbed, not doing the robbing. keithbvadu2 Sep 2016 #3
Ohhh, good one! Sunny05 Sep 2016 #8
5300 people lost their jobs doing what they were told to do. Ilsa Sep 2016 #5
Certainly raised a lot of questions, didn't it? gratuitous Sep 2016 #9
I'm sorry, but as a US citizen living in the US, Ilsa Sep 2016 #10

lastlib

(23,287 posts)
4. That was a THING of BEAUTY!!
Tue Sep 20, 2016, 09:30 PM
Sep 2016

She flat-out cut him another asshole for the shit to run out! Rachel just played it.

Ilsa

(61,698 posts)
5. 5300 people lost their jobs doing what they were told to do.
Tue Sep 20, 2016, 09:44 PM
Sep 2016

How did they all know to do the same thing without direction from the senior management?

But Sr. Mgmt gets bonuses and golden parachutes. Sociopaths, all of them.

gratuitous

(82,849 posts)
9. Certainly raised a lot of questions, didn't it?
Tue Sep 20, 2016, 10:25 PM
Sep 2016

According to CEO John Stumpf, nobody in any position of authority at Wells Fargo directed those employees to open all those bogus accounts. In Stumpf's telling, it's like all 5,300 of them independently came up with this terrific scam to fleece depositors, fatten the bottom line, and make Wells Fargo stock more attractive to investors as well as having the salutary effect of making executive compensation more lucrative. None of that caught the attention of Stumpf or any of his other well-connected executives, who are apparently quite accustomed to having money fall out of the sky into their pockets.

Stumpf claims he accepts "full responsibility," but that responsibility doesn't seem to come with any penalty. As Sen. Warren noted, Stump's still drawing his full salary, still has his nice job, none of his senior executives have been fired, nobody's gone to jail, and Carrie Tolstedt, who walked away four months ago with $125 million, is in line for her year-end bonus.

Maybe we need a little tumbrel procession around Wells Fargo headquarters?

Ilsa

(61,698 posts)
10. I'm sorry, but as a US citizen living in the US,
Wed Sep 21, 2016, 07:58 AM
Sep 2016

I was too absorbed with the Kardashian women, Rick Perry's dancing, and Who Killed Jon Benet Ramsey to pay attention to who was robbing us and speak up to Congress about it.

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