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Wells Fargo farrago

13 Oct 2016

The unfolding scandal at US bank Wells Fargo, one of the most historic organizations in the USA, is an interesting illustration of the perils of managerial target-setting (see p. 30 of book). What seems to have happened is that sales staff were under such pressure to meet sales targets that they simply invented new bank and credit card accounts – and not just here and there: as many as two million bogus accounts were created. But this story is also interesting in showing that such perverse ince
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Authors

Chris Grey

Published in
United Kingdom
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© Chris Grey

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