A Wells Fargo spokesperson told Bloomberg that the company “holds employees to the highest standards and does not tolerate unethical behavior.”
Says an unethical piece of shit corporation that secretly opened millions of unauthorized accounts of their customers to collect bogus fees, appease their shareholders and financial status.
Were the executives fired? No. Were they jailed for financial fraud? No.
Says an unethical piece of shit corporation that secretly opened millions of unauthorized accounts of their customers to collect bogus fees, appease their shareholders and financial status.
It’s unethical for the workers to pretend to open those accounts by using software to trick their administrators into looking busy.
So you did not notice that they didn’t actual do anything…? But were happy that their mouse was moving around…?
This is what I fail to get. You give people things to work on. Why do you want to spy on them instead of just looking at the results? Even if someone spends half the time watching YouTube, if all the work is done… who cares?
They don’t have a real job…
According to the disclosures, the terminated employees worked in Wells Fargo’s wealth- and investment-management unit.
Time and time again, these funds don’t really beat the average of an index fund.
But the Uber wealthy dont like being lumped together with regular people. So they pay commissions to get the same performance, resulting in less profits than an ind x when it’s all said and done.
But the company points to the small parts that do over perform, and downplays the bad parts.
Turn 1 million into 5 million, and it’s easy to forget there was another 10 million that’s worth 6 million now.
Sure you up a million, but you’re focused on that 5x gain and not the 4 million loss. So before commissions it’s a draw.
In real life there’s interest, inflation, and lots of other stuff that muddies the waters.
It’s like their version of horse racing, they bet on a bunch and hope one hits it big and pays off the losses on the others. It’s the same as gambling and just as addictive.
So if these employees were answering their phone when a big client calls and letting stuff sit, their performance was probably fine.
Because it’s not a real job.
