Wells Fargo Behavior

Wells Fargo Conduct & Behavior

Wells Fargo is one of the largest banking and financial holding companies in the world. With this title concerning power in leadership as well as power from a political perspective Wells Fargo Company is an organization that provides a power base for it employees. This occurs through the meeting of needs and surplus within the market place. More so, this company is also politically structured and provides opportunities for their employees to develop careers in which the people’s platform for the expression of individual interest and motives. With Wells Fargo being politically structured to a degree this means the banking company operates by distributing authority while setting the stage to executive power for

On the other hand other factors are the results of organizational culture or internal environments. In Wells Fargo’s case the factors include risk of military invasion, intelligence property protection, favored trading practices and pricing regulations, other adding factors are antitrust laws and money centered banks. Regardless of these contributing factors ethical behavior should always be abided. According to Wells Fargo code of ethics and business, conduct is the guiding principles involving every one of Wells Fargo teams. One of Wells main goals is to practice ethical behavior from an employee level as well as an organization. Contrasting this is the scandals that have recently become part of the public ears; it’s here that Wells Fargo has taught other organizations a valuable lesson how not to practice business. In the least the bank giant has made an ethical mistake when employees were encouraged to support cross selling while honoring incentives to the employees who were successful at cross selling. This however, is where things at the bank began to go wrong and business such as this one cannot be allowed to get away with. To make matters worse employees were investigated after many of them identified as creating fake credit cards at the customer’s expense. This event was a very

In most companies, power and politics are considered to be dirty words because of the structure each is placed on. Linking these words to the play of personalities in a company’s reveals some top executives and managers withdraw into the safety of organizational logic. Although the Wells Fargo banking business has rules and guidelines to govern their employees, somehow there has been much going on inside the business where discrepancies in ethical behavior has revealed scandals based on fraudulent deals, cheating customers out of their finances. For this reason Wells Fargo ethical practices have been criticized and under heavy scrutiny. The 5,300 employees at ell Fargo, who were fired for fraud, admitted they were working under high stress and unstable environments. Some employees that was coheres into committing fraud said the stress was so high; they experienced anxiety and resorted to drinking hand sanitizer to cope with the stress. This is the failure of good leadership, but specifies corruptive