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Economics
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23 Nov 2019

Identify an ethical framework other than the shareholder theory that applies to Wells Fargo unethical and legal issues, and discuss how it may have influenced the executives of the company.

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7 Mar 2019
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This article discussed how a former Wells Fargo banker got fired by calling a Wells Fargo ethics line. The article is a typical example of what we have learned this week, about professional codes of conduct and whistle-blowing. One thing I know about every organization is that most often they will tell you we have an ethics phone line and everyone can call to report any suspicious activities that are not ethical or legal. They will tell you that you will remain anonymous. Do you believe them? They will surely come after you. When Well Fargo CEO testifies before the committee, he also talks about the anonymous ethics line. The question is why is it that all the employees who took bold steps got punished for that. Does Well Fargo see those who called the ethical line as whistleblowers? Even those on human resources has confirmed about retaliation if you try to question their unscrupulous activities. Do you agree with and happy about 5,300 employees? Do you also believe that The CEO should resign? Do you also believe Mr. John Stumpf does not know what was going? I think Well Fargo has broken ACM code 1.3 by not honest and trustworthy to the employee they have promised to let them remain anonymous. By firing them, they have also caused them big harm. They have broken ACM code 1.2 (avoid harm to others).

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