5,300 Wells Fargo employees fired for creating over 2M phony accounts

Re:5,300 Wells Fargo employees fired for creating over 2M ph... by Zigurd on Thursday September 08, 2016 @10:11PM (#12459218)

You are overstating corporate facelessness and deniability. 5300 is about 2% of Wells Fargo's global headcount, maybe 4% of US headcount. That's enough for top of that management hierarchy to be senior management. There is an easy way find out how high it goes. Keep squeezing the biggest fish you have caught and see who they name.

But since the names are secret, it's not possible to know how far DoJ got.

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Re:5,300 Wells Fargo employees fired for creating over 2M ph... by rlucas on Friday September 09, 2016 @02:10AM (#12459951)

I'm not somehow advocating for executive impunity.

I'm just responding to ggp about c-levels; saying that it's very plausible that 5300 folks at WF are effectively isolated from c-levels.

Also, I tend to agree that secret corporate settlements do a disservice. Perhaps there should be a max life on the seal/secrecy.

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