Topic
Business Ethics (The Case of Wells Fargo)
Instructions
Each student will need to select ONE relevant article. This article can come from a newspaper or magazine. This article has to be critiqued using academic peer-reviewed journals. The article must demonstrate a particular issue of business ethics.
The chosen article needs to be a recent one – in the year 2016.
You will need minimum 6 references from the academic peer-reviewed journals to critique and they need to be current ranging from 2010 – current.
In addition, you can use older references. There is no limit to this.
Use the Harvard referencing system. The reference section should list alphabetically each reference cited in the body of your essay.
Note: Any non-academic journal references are not included in the count of the 6 minimum journal articles stated above. Non-academic references can include magazine articles, professional articles etc.
Seek guidance from your tutor on your article of choice.
Answer Preview
Contrary to what John Stumpf stated in the Washington Post article, it cannot be stated that the employees were solely to blame for the scandal that drastically reduced public confidence in the bank. The true culprits are Wells Fargo’s directors who created a situation which pushed thousands of desperate employees to violate ethical business codes of conduct. The bank’s managers essentially wanted the employees to meet hourly and daily sales quotas which would make Wells Fargo the biggest bank in the world. It could be stated that some of the employees’ vices, along with the desperation to hold onto their jobs, compelled them to break the rules in order to meet the unrealistic goals that their managers had set for them. However, the true blame for this fiasco lies with the greedy senior-ranked managers of the bank who forced their employees to resort to such tactics in order to retain their jobs.
Word Count: 1900