Please enable JavaScript.
Coggle requires JavaScript to display documents.
Wells Fargo - Coggle Diagram
Wells Fargo
Imapct
Serious damage to reputation and credibility.
Damaging relationships with employees
massive fines.
Government restrictions
Origin
Founded in 1852.
WFC
Market capitalization is USD 186441 million.
Scandal
Criteria
revenue growth by cross selling.
routine
Set a goal for the day
reason not achieved
conference
public humiliation
In 2023
Fitch ratings downgraded the debt rating of Wells Fargo.
How to prevent
Executive
Uncouple unemployment risk form business practices.
The CEO can be interpreted as chief ethics officer.
Tie compensation to ethical behavior.
Board
Prevent inherent conflicts.
Break the bias, enhance board diversity.
Do more rather than oversight.