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Wells Fargo charm offensive

Tom Fox | May 20, 2018

If you are like The Man From FCPA, you greatly enjoy reading some of the world’s top business-related daily newspapers such as the New York Times business section, the Wall Street Journal and, from across the pond, the Financial Times. If you do read them with any frequency, you most certainly have noticed a huge charm offensive that’s been launched by Wells Fargo. More than two pages in each of these publications, in a section cleared marked “Advertisement,” are dedicated to the company’s effort to sell readers on the fact that it really has changed for the better from the dark days of its fraudulent accounts and other related scandals. 

With titles such as “Wells Fargo Retail Bank compensation plan eliminates product sales goals,” “Wells Fargo names new independent Board of Directors,” “2,000 new risk managers hired in the last 2 years at Wells Fargo,” “New Wells Fargo structure focuses on customer experience ‘Change for the Better,’ ” and “Year...

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