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Wells Fargo's scandal is a cautionary tale about incentive pay

"Wells Fargo has fired thousands of employees and incurred fines totaling $185 million because of a widespread practice of employees opening new accounts for existing customers without their authorization."

Josh Baro writes an interesting piece (http://www.businessinsider.com/wells-fargos-scandal-is-a-cautionary-tale-about-incentive-pay-2016-9) on the downside of incentive pay.

What excesses have you seen or to be politically correct, unintended consequences?

Answers

EMERSON GALFO
Title: CFO
Company: C-Suite Services
LinkedIn Profile
(CFO, C-Suite Services) |

That is a huge amount....$125M

"When Tolstedt leaves Wells Fargo later this year, on top of the $1.7 million in salary she has received over the past few years, she will be walking away with $124.6 million in stock, options, and restricted Wells Fargo shares. Some of that hasn’t vested yet. But Tolstedt gets to keep all of it because she technically retired. Had she been fired, Tolstedt would have had to forfeit at least $45 million of that exit payday, and possibly more."

http://fortune.com/2016/09/12/wells-fargo-cfpb-carrie-tolstedt/?xid=soc_socialflow_facebook_FORTUNE

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