Wells Fargo, Volkswagon, Corporate Culture and Fraud

Volkswagen, sold 11 million allegedly less-polluting diesel vehicles worldwide equipped with hidden software to override pollution controls because of the pressure to make their vehicles 30% more efficient that their competitors....even though this wasn't technically possible.

Wells Fargo, widely known for its aggressive cross-selling of products has claimed the 5,300 perpetrators were “underperformers,” even though these employees were scattered across the organization and not connected thus a clear indicator of corporate culture at work. Meanwhile, on Reddit, former Wells Fargo employees batted around tales in great detail of the sales pressure they endured.

For more see http://www.forbes.com/sites/davidschrieberg1/2016/09/16/how-does-corporate-culture-fuel-fraud-start-with-volkswagen-and-wells-fargo/#34cf67052d64


And to appreciate the enormity of the Wells Fargo issue, see Senator Elizabeth Warren questioning Wells Fargo CEO John Stumpf at the Banking Committee Hearing  

https://www.youtube.com/watch?v=xJhkX74D10M