White-collar crimes - now seen as a cost of doing business? Fab read. http://www.newyorker.com/magazine/2017/07/31/why-corrupt-bankers-avoid-jail/amp …pic.twitter.com/gerfGS0zLv
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White-collar crimes - now seen as a cost of doing business? Fab read. http://www.newyorker.com/magazine/2017/07/31/why-corrupt-bankers-avoid-jail/amp …pic.twitter.com/gerfGS0zLv
Reason #47483 why customers, be they retail or corporate, don't trust large financial institutions. https://www.wsj.com/articles/wells-fargo-bankers-chasing-bonuses-overcharged-hundreds-of-clients-1511830230 …pic.twitter.com/Fn4Vb1CZqp
When sophisticated bankers meet clueless sovereign wealth funds,lawyers make merry! A+ read on Libya & Goldman Sachs https://www.bloomberg.com/features/2016-goldman-sachs-libya/ …pic.twitter.com/MVy2T2ZZtH
Sales 'culture' at Wells Fargo included, in some cases, hourly targets! Good read. http://www.wsj.com/articles/how-wells-fargos-high-pressure-sales-culture-spiraled-out-of-control-1474053044 …pic.twitter.com/EI0L34rgan
Why public doesn't trust regulators. Exhibit 546. https://twitter.com/mdudas/status/854831742762483712 …
Signs are always there. You just need to look in right places! Two good reads on Wells Fargo http://www.americanbanker.com/news/national-regional/how-wells-fargos-aggressive-sales-culture-took-root-1092937-1.html …http://www.americanbanker.com/news/national-regional/wells-execs-stuck-to-the-script-as-evidence-of-sales-abuses-mounted-1092965-1.html …
Very accurate observation. Bill Hewlett had a saying: "That which is measured is performed."
@dkernohan @matt_levine
Nice.
I learned that as 'every criterion will get corrupted eventually'.
Pp (Ss) will always game the game.
I've always described that as 'the tyranny of the easy to measure'
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