Category: Ethics
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Tuesday March 24, 2015 Jeff Cooper served in the Marine Corps in WW II and Korea. He founded the Gunsite Training Academy which is still doing a lively business today. Of interest to us in becoming better students is Jeff's creation of a Color Code Awareness System. See the first link for a detailed explanation. Jeff…
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Weekend Sept 25, 2016 Monday August 29, 2011 Note this is a repeat of a post from a year ago, just as relevant now. One might wonder just how so many people can look at, the oil spill in the Gulf, unemployment in Michigan, health care, etc, and reach such different conclusions. The answer is…
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Weekend Sept 25, 2016 Joseph Percoco, Cuomo's executive deputy secretary is among nine indicted in a show me the money culture. The Governor was directing a Buffalo Billion Plan to re-vitalize Buffalo, NY. Those indicted are charged with demanding payments to obtain valuable contracts to build projects in the area. But then there is plenty…
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Weekend Sept 24, 2016 Robert Mundheim will advise WFC on clawback provisions. He was an adviser to J P Morgan Chase during the London whale trading loss scandal. CEO Stumpf says any clawbacks are the responsibility of the Board Human Resource Committee. The plot thickens….
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Weekend Sept 24, 2016 Some Democrats are asking about Jack Lew's involvement at Citigroup. Citi required a bailout and Jack Lew worked there during the 2008 blowout.WFC did not require a bail out.But now the CEO of WFC is being told to resign over unrequested accounts while Citi lost billions. So if you are a…
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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…
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Tuesday Sept 20 2016 As expected, sparks are flying at the Senate Hearing on WFC Scandal "I am personally appalled by the size, the scope, the duration and the impact of the scandal, and I must say that I'm shocked and incredibly disappointed by the response of Wells Fargo's corporate executives," the New Jersey Democrat…
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Tuesday Sept 20, 2016 Carrie Tolstedt has worked at WFC for 27 years. She is known as a micro manager. So how could she not know employees at WFC were creating unrequested cards and accounts for customers? IN audit class yesterday we learned of one student who discovered this had happened to her account. Another…
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Weekend Sept 17, 2016 Congress turns up th eheat on WFC, suggesting incentive pay be disgorged. We have been following this story and it is certainly not getting any better for WFC. A letter write to the WSJ suggests that managers who urged bad practices cost the WFC shareholders money, to be sure. But as…
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Thursday Sept 15, 2016 We have been following the Well Fargo Scandal. CEO John Stumpf is on record saying he wanted as many customers as possible to have a WFC credit card which of course earns interest and fees for the Bank. Carrie Tolstedt was in charge of the unit where employees allegedly opened unauthorized…
