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Wells Fargo’s Crisis Management Fail

Melissa Agnes

It’s clear that Wells Fargo has proven to NOT be crisis-ready for multiple reasons. As a result, they’re faced with one of the most difficult crises to manage: a crisis of corporate culture. In this week’s #crisisready video I highlight the bank’s two biggest crisis management fails.

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Simple Ethics Rules for Better Risk Management

Harvard Business

For far too long, managing risk has been seen as an esoteric business function — designed to control losses and adhere to compliance standards. Complex systems fail in complex ways. But all start with human failings. No one gets extra credit for doing the right thing when it is easy. You and Your Team Series.

Ethics 38
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Blaming Others: Reflections on "The Big Short"

MishTalk

It's a New York Magazine Interview With Michael Burry, Real-Life Market Genius From The Big Short , head of Scion Asset Management. Too, the crisis, incredibly, made the biggest banks bigger. Maybe there are some positive changes in there, but it seems I fail to see beyond the absurdity. But this is the nature of these things.

Banking 28
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Is Your Company as Ethical as It Seems?

Harvard Business

Consider Volkswagen cheating on its diesel emissions, Wells Fargo’s fraudulent accounts , and the bribery fiasco at GlaxoSmithKline (GSK). The CEO of Volkswagen from 1993 to 2002 was famous for his willingness to demote or fire employees who failed to meet expectations. What’s the tone from upper management?

Ethics 28
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The “Business in Society” Imperative for CEOs

Harvard Business

These include legislation, regulation, investigation, enforcement, litigation, ethics, reputation, crisis management, corporate citizenship, and pressures from public officials, NGOs, and the media. A salient example is the inside counsel revolution of the past 20 years. In most major U.S. This is the essence of corporate citizenship.

Ethics 28
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Sam Zell Warns Recession Coming, Provides Opinions on 22 Topics Including Fed Tools, Equities, Real Estate, Energy, China, Brazil, Mexico, Climate Change

MishTalk

If you take out those stocks, the stock market isn't doing real well. It's an extraordinarily badly managed you know entity. Well we're buying gas in the ground, gas that's been drilled. People have spent $10 million a well, we're buying wells at dramatically less than that. It's well worth a read.