Wells Fargo execs pay back millions…
Bankers doing the perp walk…
Say “Thank you” to the directors of Wells Fargo bank. They’re “clawing back” $135 million from two former top executives who allowed massive criminal activity to happen.
Wells Fargo previously was penalized $185 million for wrongdoing by its employees who created millions of fake accounts — and charged some customers for services they didn’t request or want — in order to meet sales and growth goals.
Wells Fargo’s former CEO and its head of retail banking are in the board’s crosshairs. These two will be forced to pay back $135 million in pay and stock options, because they knew about the fake accounts and hushed up the activity, even as they canned more than 5,000 Wells Fargo employees over a five-year period.
Bravo! to the Wells Fargo board.
Now I’m waiting for the boards of the other Fortune 500 companies to step up and do what’s right. Here’s what I’m talking about: no Wall Street or business executive has been sent to jail for the terrible crimes in mortgage financing that started the Great Recession almost 10 years ago.
For a change of pace,
try this poem about playground thinking…
Copyright © Richard Carl Subber 2017 All rights reserved.
My first book of poems, Writing Rainbows: Poems for Grown-Ups with 59 new poems, is for sale on Amazon (paperback and Kindle), or free in Kindle Unlimited, click here
On this website you can read: my poetry in free verse and 5–7–5 format — nature poems, love poems, poems about grandchildren, and a spectrum of other topics — written in a way that makes it possible for you to know, as precisely as possible, what’s going on in my mind and in my imagination; thoughtful book reviews that offer some exceptional critique of the book instead of a simple book summary; examinations of history that did and didn’t happen; examples of my love affair with words; reflections on the quotations, art, and wisdom of famous and not-so-famous people, and occasional comments on politics and human nature.
Your comments on my poems, book reviews and other posts are welcome.
Read this book review of
Cleopatra: A Life
…and don’t even think
about Gordon Gekko…
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Originally published at Richard Subber.