Why is CEO of Wells Fargo John Stumpf still there after the revelation of massiv

Jump to Last Post 1-2 of 2 discussions (7 posts)
  1. jackclee lm profile image82
    jackclee lmposted 2 years ago

    Why is CEO of Wells Fargo John Stumpf still there after the revelation of massive fraud?

    A disturbing news of 5300 Wells Fargo employees being fired for creating fake customer accounts. A large fine was imposed on the company but no criminal indictments as yet. Why is the CEO of this company still there? And getting over $6 million salary?

  2. tamarawilhite profile image91
    tamarawilhiteposted 2 years ago

    The same way drug lords and mob bosses often evade prosecution, by having their middle management/subordinates arrested while saying "that's the person who did the wrong deed, I was busy with higher level things".

    1. jackclee lm profile image82
      jackclee lmposted 2 years agoin reply to this

      Yes, so true. What gets me is the fine goes to the government. What about the poor victims of this criminal activity? Shouldn't they get the refunds?

    2. Dont Taze Me Bro profile image61
      Dont Taze Me Broposted 2 years agoin reply to this

      Tamara, you left out, the same way all the bank and brokerage CEOs who actually caused the crash of 2007 evade prosecution, the federal government hacks like Lerner and Koskinen. They all evade prosecution because they are the "ELITE!"

    3. bradmasterOCcal profile image39
      bradmasterOCcalposted 2 years agoin reply to this

      DTMB
      The one good thing is that Warren Buffet took a sizable hit to his fortune and so did his foundation. The DOE shuts down schools when they don't meet req. Why doesn't the DOJ, and the IRS shutdown Wells Fargo?

    4. peoplepower73 profile image93
      peoplepower73posted 2 years agoin reply to this

      Welcome to unfettered capitalism.  This is what happens when you don't have any regulations to prevent corruption and greed.  Those that don't like regulations, say that capitalism is self-regulating.  Tell that to those who got ripped off.

    5. jackclee lm profile image82
      jackclee lmposted 2 years agoin reply to this

      Mike, there is plenty of regulations on the banks. The problem is, the regulations does not prevent people from doing criminal acts. Especially when these white collar crimes are not prosecuted. Let's just apply the laws to these CEO's and see...

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)