The Man From FCPA has long railed against the ‘Myth of the Rogue’ employee. Other commentators say is it simply unfair to punish a lillier-than-white corporation for the actions of a few employees, usually at disparate locations scattered across the globe, for actions in which the corporation profits. However, I now understand why it is always the employees fault when a corporation engages in fraudulent activity leading to regulatory fallout. The CEO of Wells Fargo has explained it to me.
