Wells Fargo CEO: The Wells Fargo Case

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Founded on March 18,1852 an American international bank, Wells Fargo, recognized by its iconic six horse stagecoach logo, began a journey to success. This was a company that no matter the case, whether “prosperity, depression [or] war” always managed to earn “a reputation of trust due to its attention and loyalty to customers.” Sadly, this year, 2016, a scandal was uncovered. Wells Fargo employees were creating fake bank accounts in order to boost sales figures and earn the bank more money, however this resulted in the government and wells fargo CEO, to evaluate the options, make a decision, and impact the society.
When dealing with this matter the government has the options to evaluate what went wrong in the situation through the senate or other board of congress and to find a way for the company to make reparation or choose whether the government should sue over the multimillion dollars this scandal created for Wells Fargo. while the CEO, has the option to fire thousands of employees who were involved with the scandal, and risk the company demise, or keep the employees and find the company involved in another scandal a few years from now. Both sides are faced with difficult choices, and hopefully the issue will dissolve by making the …show more content…
This created a rise in unemployment, and pushed some families below the poverty line. However, on the positive side, it helped the company regain trust from a ridiculous matter that almost caused the destruction of one of america's longest lasting companies. Also a was decision made by the Senate was to make the bank pay nearly 2 million dollars to various agencies. I believe that these are both just reparations and should be followed through, however it should not create such a loss to cause the bank to go out of business. While damage control is important, the jobs of many americans are

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