Wells Fargo CEO Stumpf Faces Senate Grilling

Wells Fargo CEO Stumpf Faces Senate Grilling

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the Wells Fargo scandal involving unauthorized accounts, employee firings, and executive bonuses. It questions management's accountability and explores legal actions like clawbacks. The Senate's role in investigating and potential legislative responses are highlighted, along with the impact of campaign contributions on ethical considerations.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the total number of unauthorized accounts opened by Wells Fargo?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact did the unauthorized accounts have on customers' credit ratings?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How many employees were reported to have been fired due to the scandal?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the bonus amount received by the woman in charge of the affected part of Wells Fargo?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions did Wells Fargo claim they would take to address the issues faced by customers?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns were raised regarding the accountability of the CEO and other executives?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the role of the Consumer Bureau in the Wells Fargo scandal?

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