Page 8 - Wells Fargo Bank (C) Teaching Note

Moreover, punishment of the biggest banks and their
senior managers when they violate the law has been

derisory. Few bankers have lost their jobs. Simply put,
senior bank management have a responsibility that

demands accountability yet excessive risk-taking is not

punished, especially when it fails to deliver – executive

compensation, bonuses and packages in these instances

are the rule not the exception.

Perhaps executive compensation should now be higher

up the political agenda of government.