Where does the time go? It's already officially fall, and time to name the
Left-Cheek Ass Clown
John G. Stumpf,
Chief Executive, Wells Fargo
Mr Stumpf was hauled before Congress this past week so that lawmakers puffed up on righteous anger could castigate him for the enormous scam in which thousands of Wells Fargo employees created as many as 2 million fake accounts to meet sales goals. In some cases, bank customers were charged fees for accounts they didn’t request, and Wells Fargo employees often took money from authorized accounts to create a fake new ones. In some of the worst cases, Wells Fargo customers saw their credit scores downgraded because they were late in making payments on accounts they had no idea existed.
Although Wells Fargo fired more than 5,300 "rogue" employees over the scandal, none of those fired were senior executives who were ultimately responsible for the sales goals imposed to bolster the bank's profitability. Senator Elizabeth Warren accused Mr Stumpf of "gutless leadership," noting that he earned a $19 million salary while firing thousands of lower-level employees and - as yet - not reimbursing bank customers whose lives and credit histories were damaged.
For the latest example of greed and corporate malfeasance, coupled with unwillingness to acknowledge responsibility or make appropriate restitution, John G. Stumpf is named our Left-Cheek Ass Clown for September, 2016.
Have a good day. Check your bank statements frequently. And come back tomorrow for Cartoon Saturday. More thoughts then.