Former Wells Fargo executive avoids prison in fake-accounts scandal(reuters.com)
reuters.com
Former Wells Fargo executive avoids prison in fake-accounts scandal
https://www.reuters.com/business/finance/former-wells-fargo-exec-tolstedt-avoids-prison-time-fake-accounts-scandal-wsj-2023-09-15/
5 comments
I feel like the fake accounts are integral to the operation of the system, at this point. This looks to me like the gentlest tap on the wrists for being caught doing what must be done. Perhaps I'm just poor and bitter that a bag of potato chips costs more than an hours wages.
https://en.wikipedia.org/wiki/Carrie_Tolstedt
https://www.justice.gov/usao-cdca/pr/former-wells-fargo-exec...
https://www.justice.gov/usao-cdca/pr/former-wells-fargo-exec...
“This brought the total amount of money she had given up to $67 million, or about 54% of her $125 million pay package she initially received when she retired.”
That’s depressing :/
That’s depressing :/
One big reason for a state based justice system is that citizen-enforced vigilance and mob justice is too random and unfair. But a side result is that the most powerfull people can avoid enforcement completely.
When a big revolution with mob justice happens, this changes. Anyone might have their head cut off, including the rich. It is historically one of the few things that scares powerfull people into bettering the world for other people.
I still hope I don't have to witness a revolution in my life, but things like this make me think one is closer than we might expect.
When a big revolution with mob justice happens, this changes. Anyone might have their head cut off, including the rich. It is historically one of the few things that scares powerfull people into bettering the world for other people.
I still hope I don't have to witness a revolution in my life, but things like this make me think one is closer than we might expect.