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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Posts Tagged: Wells Fargo

Tom Fox: Compliance is there to reinforce culture

In his most recent book Thank You for Being Late, Thomas Friedman cited BusinessDictionary.com for the following definition of culture:

It is the “pattern of responses discovered, develop or invented during the group’s history of handling problems which arise from the interaction of its member, and between them and their environment.… Continue Reading

DOJ, SEC now investigating Wells Fargo sales practices

Wells Fargo said in a securities filing the Justice Department and the Securities and Exchange Commission are now among the federal and state agencies investigating its sales practices.

The bank said Thursday it has lifted its reserve for litigation losses from $1 billion to $1.7 billion.… Continue Reading

The Heat on Wells Fargo and Mylan (with video)

We saw an interesting discussion this week on CCTV America’s news show The Heat.

It was about Wells Fargo, Mylan, and other fresh corporate scandals sweeping the country.

Our contributing editor Richard Bistrong was part of The Heat panel.… Continue Reading

Mike Scher: Three questions for Wells Fargo

Employees at Wells Fargo opened about two million deposit and credit card accounts that customers didn’t authorize. Why? To earn incentive compensation for new accounts.

So far the bank has fired about 5,300 employees who were involved with the unauthorized accounts and has paid $185 million in fines.… Continue Reading

Wells Fargo stretch goals brought out the sandbaggers

Incentive compensation is making lots of news lately, but the news is all bad. Mylan’s Epipen, Volkswagen, and Wells Fargo. Ugh. 

Take Wells Fargo for example. It had a reasonable goal of increasing accounts through aggressive cross selling of products to existing consumers.… Continue Reading