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[Solution]Legal Law

by | Jul 18, 2022 | Recent Orders

Wells Fargo is one company that has been practicing unethical behavior. According to an article on fortune.com, in 2016 the financial institution underwent a major lawsuit in California, that was initiated by two former employees, who tried to meet sales goals without engaging in unlawful activities. The article states unrealistic quotas had been set for employees by upper management that were quite impossible to achieve “10 accounts per day”, “and they were often required to work off the clock to reach goal”. During this course employees were attempting to master the goal set, however some fell short, and undoubtedly were demoted, and some wrongfully terminated. While others were promoted for their illicit behavior of opening illegal accounts, mastering their quota. There were as many as “two million accounts in customer’s names opened without their authorization” and “as many as 5,300 employees terminated”. Shamefully at the end of the day, the top executives benefited while lower level team members suffered and encountered job losses. In fact, recently mentioned in the headline news, the CEO, “Tim Sloan received a 5% pay raise between 2017 and 2018, totaling an $18.4 million salary”.


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