Professor Elam

Wed Oct 26, 2016

One third of WFC clients may be headed out of the bank, the recent revelations confirm what they have long complained about.

This is a great example of how ignoring social mood can lead to disaster. How social mood shapes financial and accounting markets is my research interest. This is a classic.

Look at the mess multi millionaire former CEO  Stumpf has left his successor.

Social mood is unconscious and unremembered and utterly reckless once it takes hold.

And now the Office of the Comptroller of the Currency is looking at other big banks and their practices.