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Wells Fargo: A Case Analysis Of Wells Fargo

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The third alternative is for Wells Fargo to focus on compensating stakeholders. First, Wells Fargo should hold a press conference to release a public apology to all their stakeholders. In this statement, there should be admission to wrongdoings and promises of correcting them through compensation. As well, customers should receive an email with a written form of the apology statement. Second, a system will be set up for stakeholders that were negatively impacted, including employees, to file a claim for recompense. Then the claim will be deemed qualified or not. Once the stakeholders’ claim is qualified, they should start to get their monetary reparations (Thorne, 2011, p. 68). Third, Wells Fargo should make investments into the communities

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