Question

I need to create a PowerPoint for the topic answering each questions on bullet points.

Case 3 Wells Fargo: The Stage Coach Went Out of Control QUESTIONS FOR DISCUSSION I. How did Wells Fargo's focus on short-term gains violate the duties they owed to con- sumers, regulators, and employees? 2. Describe how the Wells Fargo scandal demonstrates that organizational leaders must not only establish goals but ensure that those goals are being acted upon appropriately 3. Why are ethical values useless unless they are continually reinforced within the company?

Answer 1

Answer 1:-

• The sales target was the first of its type in the history of the industry
• Higher sales target created tension and pressure on the employees which also affected the customers
• This is unethical practice as it resulted in the doubt among regulators, manpower, and consumers

Answer 2:-

• The goals provided by the leaders of the firm must be self-performing without any monitoring
• Proper control of the organization must be on ethical practices and ethical decision making.
• These financial organizations have their ethical and legal responsibility towards their customers as the customers trust them to be a safe place for their cash and other valuables.
• If the leaders are not performing their duties, there can be the chances of fraud, forgery, illegal activities, unethical decision making

Answer 3:-

• Different people are born and brought up in different ethical backgrounds
• For having the ethical decisions making and practices, the organization have to impose them strictly

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