Politics
Politics
Out of context: Reply #21264
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- BuddhaHat6
Wells Fargo CEO John Stumpf Resigns In Wake Of Bank Scandal
Wells Fargo & Co’s veteran chairman and chief executive officer, John Stumpf abruptly departed on Wednesday bowing to pressure over its sales tactics that has damaged the bank’s reputation and put Wall Street under renewed scrutiny.
San Francisco-based Wells Fargo said Stumpf, 63, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim Sloan, 56.
http://www.huffingtonpost.com/en…
Warren's follow-up:
- Drumpf's cousin?yuekit
- warren needs a dick photoshopped into her mouth. an incentive program gone wrong by individuals and bank managers who found a loop hole.********
- or a master planned scheme amongst thousands of employees all the way to the foot soldiers without a single paper trail of said scheme.********
- occams razor for the latter with current info.********
- They committed fraud on a massive scale
http://money.cnn.com…yuekit - Somehow I don't think 5,000 employees just decided to do this individually.yuekit
- ever work at a corporate retail type job?********
- be surprised how low level find easy ways to milk system. hell mot shrink is employee based. if u see the numbers most people did it in a way that didnt hurt.********
- some seemed to have gotten greedy. the mass firing is a PR move likely also effecting innocent people that they couldnt confirm********
- bwaha...cmon man can't believe you're defending this. It's just predatory criminal behavior by a big bank.yuekit
- And of course they should have had internal checks to prevent this....CEO ultimately responsible.yuekit
- he is ultimately responsible, but likely did not know. and the 185m hit + 5m payback should be reflected in his pay.********
- but seriously if you have ever worked in one of thsoe jobs you know exactly how its low level employee stuff. look into best buy employees and warranties********
- go into a hoe depot and off a guy 100 bucks for a palette of concrete, or 20 bucks at jiffy lube. jsut because theyre paid 12 bucks theyre not stupid********
- one home depot store plans for 1 million in shrink by employees every 6 month. Conspiracy by employees?********
- Hard to know exactly how it happened without more info... but not being aware or turning blind eye to 2 million fake accounts is just as damning.yuekit
- 400k cost them 190m. they paid. the rest is warren posturing and pissed about not heading CFPB. its a political career move for her********
- There had to be, at some level, complicity by higher level people. Unlike Home Depot example where there is no paper trailyuekit
- a number i also didnt see was what rewards they paid out to employees who did make those sells goals. they lost that too.********
- I knew if I made another Warren-related post that you would post some of this drivel, deathboy. Again with the South Park references, too, classy.BuddhaHat
- im not a fan of big banking but i gotta call it as i see it. there is bigger fish to fry than this********
- None of what you say is supported by evidence. The CEO likely didn't know? Likely? wtf kind of assertion is that?BuddhaHat
- well guess u still wont even see it for what it is buddha. and yuekit, i actually imagine some lower level managers encouraged it. they got a kick too********
- you're trying to equate the creation of bogus bank accounts at an endemic scale to retail salespeople flogging warranties at home depot. not remotely the same.BuddhaHat
- the majority saw no one got hurt for it and they got rewarded. but i a small few took it to far. went to big or was too stupid to think about the consequences********
- The last time there was a Warren post in this thread, you posted a similar line of drivel, and every part was shot down... kudos for persistence tho'BuddhaHat
- you remember that? you said 'she should have gone after the student loan institutions', and I posted linksBuddhaHat
- absolutely stupid incentive deal. and it cost them a shit ton. its warrens foolish posturing that pains me. last thign we need is another idiot politican masque********
- and on and on it went... 'til there was not a leg left to stand on... yet you continued to hover... on a bed of your own hot air.BuddhaHat
- erading as a social justice hero. Not to mention she already plagued with her own hypocrisies********
- lets not be dumb villager with pitchforks********
- In Member-berry voice: 'member the idiot politician masque? 'member all her qualifications and high public standing being listed? 'member?BuddhaHat
- 'member how none of what you said was true? 'member? I 'member.BuddhaHat
- yea her degrees dont mean shit. i thoguht i explained that clearly********
- what she does is what i merit. and this case its 100 percent posturing. the company was fined a ton. all she is doign now is bullying hurting stocks********
- gettign more employees than necessary fired for PR to counter her bullying and being a cunt. fuck trump should have picker her as running mate********
- if its not bullying buddha what is it for?********
- plus here's this for larger picture posturing http://www.wsj.com/a…********
- im surprised shes not asking for everyone behind the failure of dodd frank not be fired fined pay back wages, oh wait that's the program that created hers...********
- Lol, the hypocritical fake Indian chief sure loves to wave her pitchfork********