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Three Alternatives To Wells Fargo's Crisis

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While Wells Fargo has its own strategy to overcome its crisis (Thorne, 2011, p. 65), here are three alternatives to address its issue. The first alternative for Wells Fargo is to have a change in the corporate culture. The first step is to make sure that the board of directors, the president, and senior management have the ability and willingness to make ethical decisions, which should benefit the stakeholders. To guarantee this, the high-ranking personnel should go through an ethical decision-making training. The second step is for Wells Fargo to revise its codes of conduct. During this revision, it must see if the codes of conduct contain input from the employees and other stakeholders, while also reflecting the company’s values . As well,
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