Thursday Sept 22, 2016
WFC CEO Stumpf was taken aback by the ferocity of attacks and questions at his hearing.
Big Bucks CEOs, accustomed to never being questions about anything of course, are usually stunned at outrage. And in this instance it came from both parties, a rare time of agreement.
Apparently the highest the firing got was to someone making $65K. As the Senators remarked, not high enough!
The problem here is that the CEO simply cannot comprehend what the fuss is all about. This is exactly how the fraud unfolded. He wanted more credit cards so by golly the serfs issued more cards.
This is rather like the Jack Nicholson Colonel in A Few Good Men who is stunned that he was arrested for ordering a Code Red attack on one of his Marines.
Professor Elam 
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