Answered: What happened at Wells Fargo with…

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter4: External And Internal Organizational Environments And Corporate Culture

Section: Chapter Questions

Problem 1CTQ: What happened at Wells Fargo with regard to past activities that led to this major scandal?

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What happened at Wells Fargo with regard to past activities that led to this major scandal?

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Wells Fargo is remembered as one of the greatest scandal in the history of the business. The activities of the past that paved way to the biggest scam of all times was that the employees of the lower level were unable to meet their targets of opening bank accounts.

The poor leadership from the superiors, unhealthy working environment, and setting targets that were unattainable and unclear were some of the major causes that lead to this scandle.

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