There’s a moment during the first act of Orson Welles’s classic film, The Magnificent Ambersons – a period story about the rise and fall of a local family – where Welles, as narrator, points out what a terror young, self-centered George Amberson Minafer is to … Read More
“[The] wheels of justice grind slow but grind fine.” — Sun Tzu
The board of directors of banking giant Wells Fargo announced “…that it would claw back an additional $75 million in compensation from the two executives on whom it pinned most of the blame … Read More
The Occupational Safety and Health Administration (OSHA) ordered Wells Fargo, the third largest U.S. bank, to pay a former employee $5.4 million who was fired after he blew the whistle on supervisors regarding fraudulent behavior by the bank. According to the ruling, Wells Fargo must … Read More
It didn’t take long for President-elect Trump to show us the difference between what he said during his campaign and what he says now.
During the campaign, Trump called President Obama “incompetent.” In last week’s Oval Office meeting, Trump now calls Obama, “a very … Read More
Watching the news last week, I was jolted out of my seat by Connecticut Senator Elizabeth Warren’s withering condemnation of Wells Fargo CEO John Stumpf. As reported in the Boston Herald (Sept. 21), “ ‘You should resign,’ Warren told … Stumpf… during a Senate Banking … Read More
Countrywide was one of the greatest companies in the history of this country and probably made more difference to society, to the integrity of our society, than any company in the history of America. – Angelo Mozilo, co-founder and CEO, Countrywide Mortgage
Last Friday … Read More
While everybody is posting their own end-of-the-year list, here’s my selection of ethical stand-outs.
Mike Carey – Carey is the first African-American to referee the Super Bowl and has been honored as one of the best in the game in 2008. While honesty and fairness … Read More