Glendale Community College Wells Fargo Sales Scandal Essay

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evp22

Business Finance

Glendale Community College

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An article on Wells Fargo is attached, please read the article and watch the accompanying video. Write two pages analyzing the video and text with a little bit of summary. Thank you


https://www.pbs.org/newshour/economy/wells-fargo-ceo-lawmakers-defense

Explanation & Answer:
3 pages
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Explanation & Answer

Attached.

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Article and Video Analysis; Wells Fargo Sales Scandal
Overview and Summary
The article and video discuss the recent appearances by the Wells Fargo's CEO John
Stumpf, in front of the House Financial Services Committee where he faced by partisan outrage
from the legislators. The inquiries fall on the backdrop of the recent discovery that Wells Fargo's
staff in their effort to meet their sales targets had opened up close to 2 million fake credit and
deposit card accounts for several years without the knowledge of their customers. The Wells
Fargo employees then went ahead and activated and issued the cards forcefully, signing up
people for online banking from as far back as 2011 (Gordon). They did not seek the customers'
consent when developing those ac...


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