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FCKGW posted:LA Times did a really good piece on this about 3 years ago which was what prompted the investigation Yeah but pressuring employees would never lead to them to taking bigger risks, no way no how! The culture behind these banks is so toxic it is beyond belief. Those 5300 employees were shitheads for doing what they did, but there is NO WAY that middle management didn't know exactly what was going on. The speed at which these employees were fired is also telling; this is damage control 101.
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Sep 9, 2016 18:08
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Gorson posted:Yeah but pressuring employees would never lead to them to taking bigger risks, no way no how! The culture behind these banks is so toxic it is beyond belief. Those 5300 employees were shitheads for doing what they did, but there is NO WAY that middle management didn't know exactly what was going on. The speed at which these employees were fired is also telling; this is damage control 101. Also firing 5300 employees is a good way to save money to pay a big fine.
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Sep 9, 2016 18:10
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FCKGW posted:Also firing 5300 employees is a good way to save money to pay a big fine. Hopefully they will come out in droves and start talking. I don't see how you can keep 5300 people quiet. I'm guessing that they are not getting any severance pay?
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Sep 9, 2016 18:16
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Gorson posted:Yeah but pressuring employees would never lead to them to taking bigger risks, no way no how! The culture behind these banks is so toxic it is beyond belief. Those 5300 employees were shitheads for doing what they did, but there is NO WAY that middle management didn't know exactly what was going on. The speed at which these employees were fired is also telling; this is damage control 101. They're claiming the firings took place over several years. But who knows because even that brings up some uncomfortable questions. Like if they knew about it 2 years ago, but customers were still being defrauded until X number of days ago.
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Sep 9, 2016 18:43
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FCKGW posted:Also firing 5300 employees is a good way to save money to pay a big fine. lol if you think $185mil is a big fine to a bank
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Sep 9, 2016 18:52
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No way, no loving way do 5,300 people do a thing independently. Their actions were directed from high up in the company.
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Sep 9, 2016 19:07
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I think Enron executives got nailed, in part, for creating an environment where it was impossible to achieve results without breaking the law. So saying, "but I didn't tell them to do this." isn't as ironclad a defense as it once was. If it can be proven that executives knew the numbers were suspicious, then they might be liable even without a smoking gun. And that's if none of the 5k now unemployed (and unemployable in finance) former employees doesn't have a memo or meeting on tape which proves some corporate executive knew about the scam.
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Sep 9, 2016 19:15
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How Rude posted:It annoys me that management can be so poor at actually evaluating its employees. Hostile work environments that threaten to fire you for even the slightest bit of negativity are living in some magical fairy land where you won't get frustrating/difficult/impossible to please customers. It's just so hosed to me that anyone could consider a house of cards like this to be a sustainable management practice. I'm a customer service manager in retail which means I'm in charge of the surveys and the comments are the dumbest poo poo you can imagine. Stuff like giving us a 3/5 then saying "everything was great" or giving us a bad score because we don't have a 1:1 cashier to customer ratio (this seriously happened 2 weeks ago).
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Sep 9, 2016 19:45
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AlmightyBob posted:I'm a customer service manager in retail which means I'm in charge of the surveys and the comments are the dumbest poo poo you can imagine. Stuff like giving us a 3/5 then saying "everything was great" or giving us a bad score because we don't have a 1:1 cashier to customer ratio (this seriously happened 2 weeks ago). dirksteadfast posted:It's the dumbest way to implement the system because it does absolutely nothing. The ratings systems are typically outsourced to other companies to create and compile the information, but it just becomes a game of "subtly hint to the customer that you need all 5s". And the ratings companies know this very well, considering the one phone survey I ever had to take I cut them off towards the beginning and just said "all 5s" and they laughed and thanked me for my time. So companies are paying millions of dollars to contract survey systems that are only ever utilized if they're self-congratulatory nonsense. I also love the "the last guy was poo poo but this guy was great and got everything sorted" 1/5 Imagine this exact system. But for video games service. Think about that demographic and how absolutely hosed that would be hahahahahah! Schadenfreude is on me this time 
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Sep 9, 2016 19:52
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How Rude posted:It annoys me that management can be so poor at actually evaluating its employees. Effective performance evaluation and management is actually really hard.
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Sep 9, 2016 20:11
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Subjunctive posted:Effective performance evaluation and management is actually really hard. It's like management has to be hands on and put in actual work and rating systems are garbage also.
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Sep 9, 2016 20:15
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VanSandman posted:No way, no loving way do 5,300 people do a thing independently. Their actions were directed from high up in the company. Considering the sales figures that they were apparently being forced to make to avoid losing their jobs, it's possible that at least some of them were just a bunch of people all getting the same idea to lie on their work to meet otherwise impossible standards.
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Sep 9, 2016 20:23
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Why were only 5,300 people doing it? They have more people in that position, right?
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Sep 9, 2016 20:27
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Subjunctive posted:Why were only 5,300 people doing it? They have more people in that position, right? You can't fire everybody.
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Sep 9, 2016 20:45
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Gounads posted:You can't fire everybody. Are you sure?
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Sep 9, 2016 21:02
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Wade Wilson posted:Are you sure? Not when they've saved the important emails to a flash drive...
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Sep 9, 2016 21:08
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Gounads posted:You can't fire everybody. Spongebob did. https://www.youtube.com/watch?v=g-urDhhvgxk
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Sep 9, 2016 21:10
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Gorson posted:Yeah but pressuring employees would never lead to them to taking bigger risks, no way no how! The culture behind these banks is so toxic it is beyond belief. Those 5300 employees were shitheads for doing what they did, but there is NO WAY that middle management didn't know exactly what was going on. The speed at which these employees were fired is also telling; this is damage control 101. Always how it goes too, the people at the bottom of the ladder get hosed hard while the idiot cronies at the top either keep their jobs, or are "forced" into retirement with a hefty pension and a slap on the wrist. So yeah, gently caress Wells Fargo, I hope all their locations worldwide spontaneously catch fire and burn to ash.
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Sep 9, 2016 21:25
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Wells Fargo and BoA are loving terrible and gently caress you over at every opportunity unless you're a billion dollar corporation and I can't understand why regular people go there.
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Sep 9, 2016 22:00
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oldpainless posted:Wells Fargo and BoA are loving terrible and gently caress you over at every opportunity unless you're a billion dollar FTFY
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Sep 9, 2016 22:21
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Burning_Monk posted:FTFY That was HSBC, unless Wells Fargo also does it (they probably do). HSBC executives were let off the hook because, and I'm paraphrasing here, "prosecuting them would negatively their business" which is the most blatant confirmation of rich/white privilege you will ever see. Too big to fail, too big to jail.
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Sep 9, 2016 22:29
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Sep 9, 2016 23:00
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Possible Schadenfreude long term regarding Trump. With all the scrutiny on the Clinton foundation and it showing to be cool and good, a quick glance at Trump shows that he very well may have been using his "charity work" and other organizations to influence policy and push through political favors. Now normally this would sink anyone, but Trump supporters are stupid as hell and would ignore this, but still. What a bunch of comeuppance if he gets prosecuted.
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Sep 10, 2016 00:14
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If he gets prosecuted. He won't get prosecuted. 
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Sep 10, 2016 00:17
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Kaiju15 posted:Yeah, I totally know someone who "passed away due to 9/11" I survived 9/11. By virtue of not being anywhere near the WTC/Pentagon/field in Pennsylvania.
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Sep 10, 2016 00:22
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Jastiger posted:Possible Schadenfreude long term regarding Trump. With all the scrutiny on the Clinton foundation and it showing to be cool and good, a quick glance at Trump shows that he very well may have been using his "charity work" and other organizations to influence policy and push through political favors. Earlier, on that very page.... Gorson posted:"prosecuting them would negatively their business" which is the most blatant confirmation of rich/white privilege you will ever see. Too big to fail, too big to jail.
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Sep 10, 2016 00:30
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Kaiju15 posted:Yeah, I totally know someone who "passed away due to 9/11" Yeah, they fell off the watchtower.
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Sep 10, 2016 02:09
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Saw this posted in gbs, thought it was appropriate for this thread.
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Sep 10, 2016 02:23
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I think my favorite part is even the bird outside getting scared and flying off.
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Sep 10, 2016 02:30
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Bip Roberts posted:Yeah, they fell off the watchtower. Jet fuel can melt bones if you don't thank mr skeltal
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Sep 10, 2016 02:33
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https://twitter.com/MerriamWebster/status/773490551333134336 (it's worth looking at the preceding tweets in that conversation.)
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Sep 10, 2016 03:01
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Aerdan posted:https://twitter.com/MerriamWebster/status/773490551333134336 It gets better. quote:People who spend enough time on Twitter know that eventually, if they stick around long enough, hundreds of strangers will yell at them for fun. It’s the bargain you make when you sign up! And yet I have to acknowledge that I never expected my humiliation would come at the hands of a popular brand of dictionary.
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Sep 10, 2016 03:14
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Gounads posted:You can't fire everybody. You haven't talked to Walmart when it comes to unions.
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Sep 10, 2016 03:23
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Sep 10, 2016 03:51
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All that navelgazing (it's like a thousand words of "ok haha you got me . . . but did you really??") and he still missed that they were mocking not just a bad metaphor, but an egregious overuse of "feel." What a bum
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Sep 10, 2016 04:09
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Platystemon posted:I survived 9/11. https://www.youtube.com/watch?v=VkSMSbFV_q0
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Sep 10, 2016 04:31
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Aerdan posted:https://twitter.com/MerriamWebster/status/773490551333134336 The OED just lost a reader.  (Jk. They don't have enough about the etymology on their site)
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Sep 10, 2016 04:32
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That's a lot of words for "im not owned im not owned"
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Sep 10, 2016 05:17
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Astrobastard posted:I also love the "the last guy was poo poo but this guy was great and got everything sorted" 1/5 Know what makes video game reviews even better? Some services, like Steam, let you change your feedback. So, say a developer like Wild Card. Guys who made ARK, a fairly popular and fun game people liked, make a lovely choice and release some dumb DLC for an early access game? Nerds get mad and the game goes from overwhelmingly positive to mostly negative in like a week.
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Sep 10, 2016 05:39
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ro5s posted:That's a lot of words for "im not owned im not owned" Yeah, for all his saying it doesn't bother him, I think it really bothers him.
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Sep 10, 2016 07:08
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