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Wells Fargo Unethical Decisions Essay

654 Words3 Pages

Every organization has to go through a decision making process on a day-to-day basis. Decision making is a complicated process, because the outcome tends to be unpredictable. Not all decisions require extensive problem solving methods, but some matters are of high importance and require a more thought provoking process. Some organizations may act in their own interest, while ignoring the consequences that other people affiliated with their organization may face. However, acting in one’s own interest may lead to a higher possibility of negative outcomes, rather than, a positive one. Organizations that make unethical decisions end up ruining their reputation in the market and end up facing long-term consequences.
Not all ethical decisions may be in the best interest of the company, however, an unethical decision can prove to be more consequential in the long run. Every organization has to deal with decisions on an everyday basis. Some decisions have the capability to affect the future of the organization and its employees. However, it is up to the management to decide the future of the company and its employees. This is where the role of ethics comes in. If the management decides to act unethically for their own benefit, then the whole organization may end up paying the cost of an …show more content…

Wells Fargo being the third highest asset bank in America had an unquestionable reputation in the market. Due to which, the news of their unethical practices came out as quiet shocking to most people. The bank has been accused of invasion of privacy, fraud, negligence, and breach of contract. They have been opening millions of fake accounts as a method of improving the sale figures as an ongoing process in the past five years. The suit claims that the bank was pushing the bankers to attain unachievable goals, which forced the bankers to use unethical

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