, Columnist
Whistle-Blowers and Good Activists
Also ECM, vegan mayo, bros, influential people and shareholder lawsuits.
Come on Wells Fargo.
The infamous number is that 5,300 Wells Fargo employees were fired for setting up fake customer accounts to meet sales quotas, but it is important -- and difficult -- to try to put that number in context. For instance: How many employees were fired for not meeting sales quotas because they didn't set up fake accounts? I don't know, and Wells Fargo couldn't tell me when I asked, but the number matters. If 5,300 people were fired for setting up fake accounts, and 20,000 were fired for not setting up fake accounts, then that tells you something about the overall incentive structures for Wells Fargo employees.