HW2•BUAD307Answers - BUAD 307...

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BUAD 307 Written Assignment #2 to be done in Groups Instructions and Cover Sheet Group Number • Name Group Section Group Members Number Name in Alphabetic Order by Last Name 1. Read the article from the Saturday 9/12/09  LA Times Business Section  on the use of a  foreclose Malibu home by a  Well Fargo  Executive. Explain in as few words as possible (I used  two but gave further explanation because I am the teacher in my answer) what Wells Fargo  should do to protect its corporate image from any negative publicity from stories such as this one  ( 2 points ).  Answer:   Employ the  Fact Procedure  (admit and apologize, limit the scope to this  one executive, and propose a solution so it won’t reoccur, such as a policy that  prohibits bank employees from using foreclosed assets, and imposition of a fine  equal to the fair market rental of the property for those who violate the policy).
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HW2•BUAD307Answers - BUAD 307...

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