Wells Fargo announced in September 2016 that some 5.docx - Wells Fargo announced in September 2016 that some 5,300 employees were fired for ethics

Wells Fargo announced in September 2016 that some 5.docx -...

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Wells Fargo announced in September 2016 that some 5,300 employees were fired for ethics violations like setting up illicit accounts without customers’ knowledge to meet sales targets. The action was taken by leaders who claimed they were unaware of the practice. As “Former Employee” put it, “much of the language in the Visions and Values about caring for team members and customers is just words and not lived out by management.” Tom has “serious questions regarding the oversight responsibilities within all levels of management, especially the Board of Directors. “Wells Fargo was asking its sales force to sell 8 products (‘Going for gr-eight’) to customers that needed fewer products.” Management put it, “with high, high pressure on line employees to perform or be fired.” A strong business mission statement is a brilliant opportunity to build trust between employers and employees. By pinning your values, principles and goals to the mast you create accountability, as a company and employer. Wells Fargo’s employee feel that the vision
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