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Discussion Questions 4

Discussion Questions 4

Q Due: Module 4 Tuesday This week, you are asked to do a short analysis. (Please pay attention to the Rubric for this Assignment) What is the ethical issue confronting the Wells-Fargo corporate account fraud scandal? Analyze the Wells-Fargo corporate account fraud scandal (toxic leadership, gutless leadership) through the lens of any two of the four articles below. You can begin with (Links to an external site.)https://www.warren.senate.gov/newsroom/videos/watch/senator-elizabeth-warren-questions-wells-fargo-ceo-john-stumpf-at-banking-committee-hearing You are encouraged to search for other documents related to this scandal. Including information gained from this Week's lecture, Select any TWO of the articles below to inform your analysis: Brown., M.E., & Mitchell, M.S. (2010). Ethical and unethical leadership: Exploring new avenues for research. Business Ethics Quarterly, 20(4), 583-616. Cunha, M.P., Guimarães-Costa, N., Rego, A. & Clegg, S.R. (2010). Leading and following (un)ethically in Limen. Journal of Business Ethics, 97(2), 189-206. Maak, T., & Pless, N.M. (2006). Responsible leadership in a stakeholder society – a relational perspective. Journal of Business Ethics, 66, 99-115 Padilla, A., Hogan, R., & Kaiser, R.B. (2007). The toxic triangle: Destructive leaders, susceptible followers and conducive environments. Leadership Quarterly, 18 176-194 This analysis will consist of two parts: (a) In your analysis, you are expected to demonstrate a clear reference to the lecture and two articles which you selected. Yes, use quotes where appropriate. (b) If you find yourself in the middle of toxic leadership, how might you act? Post your answers to the Reply area. This is the first part of your submission, click Next to access the second part.

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The Wells Fargo account fraud scandal appeared as the biggest controversy by dint of unethical savings and account transactions by customers of Well Fargo illicitly. Due to this, the Consumer Financial Protection Bureau raised a monetary compensation of US$185 in 2016. Not just this, the organization had to bear the brunt, in the form of civil as well as criminal parameters and this was one of the biggest incidents of fraudulence. All financial means were illicitly sold to clients, and as a result of all this, the chief leader or chief executive of the company ie John Stumpf had to resign from his position.