2011 Banking Ethics System 
LDRLB
JUNE 12, 2013
At worst, a great company rots from the core as employees learn that it’s okay to use their company as their personal bank account. The ethical CEO’s company is more likely to operate with little to hide. Only 13 percent of the companies that appeared on the original Fortune 500 list in 1955 also appeared on the 2011 list.
Strategy Driven
NOVEMBER 1, 2010
subprime mortgages, instead doing business the old-fashioned way, with 80 percent of revenues derived from retail banking. Time magazine may have called it “the most boring bank in the world,” but after the crisis, its conservative approach is looking more appealing than ever; it is a brand that played it smart and safe.
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Harvard Business Review
OCTOBER 6, 2016
The bank has since fired 5,300 employees for the illegal behavior and eliminated retail bank sales goals entirely. As a result of this fraud, the bank is now being investigated by Federal prosecutors and Congressional overseers. But the fallout is far from over. A blind spot among senior leaders.
Harvard Business Review
SEPTEMBER 20, 2016
The settlement stems from the bank’s employees allegedly opening more than 2 million bank and credit card accounts without customers’ permission. Beyond the fines, Wells Fargo has fired at least 5,300 employees for “inappropriate sales conduct,” and the bank is making changes to its quota system.
Strategy Driven
OCTOBER 29, 2010
This book will explore how our institutional leaders can make claim once again to ethical, fair, and purposeful practices that underscore the value of human beings as the linchpins of our society. For example, Discover Bank held monthly meetings of all staff by location and shift. New hires must reflect the company’s core beliefs.
Harvard Business Review
FEBRUARY 3, 2014
The bank earned about $18 billion, down from $21 billion the year before. He criticized the bank and himself for the Whale. They arose in different parts of the bank, not just one dysfunctional unit. They have seriously corroded the bank’s reputation with regulators, a number of investors, and the public.
Harvard Business Review
SEPTEMBER 5, 2018
Class-based bias, just like gender- and racial-based biases, can seep into workplace systems and artificially hinder the career success of those groups. Here are some examples of common workplace systems and processes that can get tainted by class-based bias: Hiring, Onboarding, and Culture Fit. For example, what are elite sports?
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