Provide the history of Wells Fargo and it’s ethical practices. What evidence did
ID: 371279 • Letter: P
Question
Provide the history of Wells Fargo and it’s ethical practices. What evidence did you find to support that Wells Fargo is ethical/or unethical. Who are the stakeholders impacted by the company’s practices? Provide the history of Wells Fargo and it’s ethical practices. What evidence did you find to support that Wells Fargo is ethical/or unethical. Who are the stakeholders impacted by the company’s practices? Provide the history of Wells Fargo and it’s ethical practices. What evidence did you find to support that Wells Fargo is ethical/or unethical. Who are the stakeholders impacted by the company’s practices?Explanation / Answer
Wells Fargo have been largely involved in blunder which is directly against the ethical business but it has been turning the business into the ethical business while running this is specific use Blender. Foreign specific example Wells Fargo avoided specific pitfalls as well as other risk investment that directly plagued bad banks in 2008 and 2009.
Wells Fargo is very well known for developing a strategy for Cross selling. Cross selling can be defined as a customer who used specifically one service to use there other services. Wells Fargo have been ethically decide to tell its customer about their services and made it mandatory into the branches.
Wells Fargo also provided incentives to their employees to support the specific program and to increase overall level of effort put in by the employees for succeeding in cross-selling. This is specific term was misused by employees and they developed fake account by using the existing Wells Fargo customer. Most of the customers were not aware of the specific things and they ended up paying huge amounts to the company.
Overcoming this is specific problems company has shown unethical example to the society by firing 5300 employees and also firing the CEO John stumpf.
Wells Fargo abundantly involved in this is a specific mistake and does not acknowledge the specific problem very soon because it have an inadequately strong strategy which is not capable of analysing the specific situation. Wells Fargo have been teaching a clear lesson to other companies for maintaining a clear and transparent profile structure while maintaining the overall strategic implementation and duration of the specific field.
By creating an ethical culture inside an organisation these specific problems can be avoided and Wells Fargo teachers are to be fair and ethical towards the job by firing the large amount of employees. My having inability to easily understand as well as determine the specific problem and analyse the situation would definitely increase the overall level of implementation towards the organisation in the specific terms.
Pay for performance ethics are directly implemented into the organisation of Wells Fargo which field by a huge margin but this show how well this specific program work and if this program is properly curated then it would definitely create a difference in the society as well as the organisational segment in which the company is dealing in.
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