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09-10-2016, 01:03 PM
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#1
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BANNED
Join Date: May 5, 2013
Location: Phnom Penh, Cambodia
Posts: 36,100
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the Wells Fargo Scandal.. Not Unusual
http://money.cnn.com/2016/09/09/inve...ure/index.html
financial services, department store sales, auto sales.. middle management pressures the underlings to sell, sell, sell! meet quotas and goals! if sales are not met, middle managers get their heads chopped.. they come and go like yesterday's wind.
I don't bank at WF, but I used to until they made a serious error regarding a deposit they could not accept.. their own legal department made the call.. it was hysterical, this was in the 1990's, and I love to tell the story to this day, they looked so bad.
anyway, this business culture is rampant in many areas of US commerce.. sales trumps ethics over and over.
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09-10-2016, 10:10 PM
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#3
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Valued Poster
Join Date: Nov 18, 2009
Location: frisco tx
Posts: 4,539
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why don't these fuckers ever go to prison??
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09-11-2016, 12:44 AM
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#4
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BANNED
Join Date: May 5, 2013
Location: Phnom Penh, Cambodia
Posts: 36,100
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Quote:
Originally Posted by Tony Gambino
why don't these fuckers ever go to prison??
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somebody should.. WF obviously bred these Managers and nobody accepts accountability.. I wish the coverage of the lower, pressured employees' stories would resonate, because this is common in the business environment..
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09-11-2016, 07:58 AM
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#5
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El Hombre de la Mancha
Join Date: Dec 30, 2009
Location: State of Confusion
Posts: 46,370
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More recently, did any fuckers from the "economic correction" get tried? Nope.
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09-11-2016, 09:25 AM
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#6
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Account Disabled
Join Date: Nov 15, 2012
Location: House
Posts: 1,295
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That is why I stay with the Credit union and stay away from the too big to fail. It is your deposits that created this mess.
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09-11-2016, 01:28 PM
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#7
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Account Disabled
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I bank at WF. They are some account selling mfrs. There's one branch I stopped going to because every single time I went the same three people kept asking me if I wanted to meet with a Banker to discuss additional accounts. Fucking ridiculous. I'm like I just told you fucking yesterday No.
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09-11-2016, 03:37 PM
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#8
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Account Disabled
User ID: 244249
Join Date: May 21, 2014
Location: New York
Posts: 5,068
My ECCIE Reviews
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Damn, they couldn't even wait a whole decade before being criminal and reckless.
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09-11-2016, 08:05 PM
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#9
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Account Disabled
Join Date: Aug 15, 2012
Location: Texas
Posts: 9,785
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I bank there, I avoid the branches like the plague. All business is electronic. I kinda like it. Mortgage, Vehicle and a Boat Loan... All at great rates.
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09-11-2016, 08:38 PM
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#10
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El Hombre de la Mancha
Join Date: Dec 30, 2009
Location: State of Confusion
Posts: 46,370
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That is what all the big bancks want ... no human contact. Many are supposed to be closing hundred, if not thousands, of neighborhood branches.
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09-11-2016, 08:47 PM
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#11
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BANNED
Join Date: May 5, 2013
Location: Phnom Penh, Cambodia
Posts: 36,100
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Quote:
Originally Posted by pyramider
That is what all the big bancks want ... no human contact. Many are supposed to be closing hundred, if not thousands, of neighborhood branches.
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I think you're right.. my bank has almost no employees and long waits, it looks designed to piss us off and shove us online.
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09-13-2016, 05:04 PM
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#12
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Hiatus Nov20-Dec25
User ID: 205713
Join Date: Sep 14, 2013
Location: Palm Springs Ca-Hiatus Nov20-Dec25
Posts: 6,531
My ECCIE Reviews
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Just go to the ATM for all my needs for my for
2 act's deposit and transfer from one act to another on line
BOA
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09-13-2016, 07:08 PM
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#13
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BANNED
Join Date: May 5, 2013
Location: Phnom Penh, Cambodia
Posts: 36,100
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Quote:
Originally Posted by LustyBustyGina38FF
Just go to the ATM for all my needs
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ATM fulfills many of my needs.. oh wait, I forgot the subject matter!
I have not gone the ATM deposit route just yet.. yeah, I know this is 2016, the machine takes a photo of the check.. but.. give me time, I was one of the last flip phone people too, LOL
I saw today that WF is eliminating sales goals December 31.. while the sales Supervisor will retire that day with a $125 million bonus!
http://www.zerohedge.com/news/2016-0...-million-bonus
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09-13-2016, 08:28 PM
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#14
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Account Disabled
Join Date: Sep 3, 2016
Location: Waffle House
Posts: 659
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Yep, read that today in the news. I left WF a few years ago, the sales pressure I recieved whenever I went to a branch - as well as questionable banking fees finally drove me away.
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09-20-2016, 07:55 PM
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#15
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Account Disabled
Join Date: Dec 30, 2014
Location: DFW
Posts: 8,050
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Quote:
Originally Posted by Chung Tran
http://money.cnn.com/2016/09/09/inve...ure/index.html
financial services, department store sales, auto sales.. middle management pressures the underlings to sell, sell, sell! meet quotas and goals! if sales are not met, middle managers get their heads chopped.. they come and go like yesterday's wind.
I don't bank at WF, but I used to until they made a serious error regarding a deposit they could not accept.. their own legal department made the call.. it was hysterical, this was in the 1990's, and I love to tell the story to this day, they looked so bad.
anyway, this business culture is rampant in many areas of US commerce.. sales trumps ethics over and over.
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The cute little girl at my local branch says most of her salary depends upon stuff like that....
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