“You should resign”, Senator Elizabeth Warren told Stumpf, who had injured his right hand while playing with his grandchildren. “You should give back the money you took while this scam was going on and you should be criminally investigated by both the Department of Justice and the Securities and Exchange Commission.”
But of course he won’t. He just ‘didn’t know’. (He being the CEO of Wells Fargo, who have just admitted fraud against millions of customers.)
I wonder why acts like Sarbanes-Oxley can’t be used in cases like these …. after all S-O was introduced so that criminal penalties for certain misconduct could be applied to the board of directors of a public corporation.
Oh wait - of course …. ‘certain misconduct’ - it probably doesn’t refer to fraud against millions of customers - but instead focuses on a few multi-millionaire shareholders that need this kind of protection.
Nobody will even go to jail - because there probably won’t be an investigation. (New Yorker)
Read Even More About It. (Bloomberg)
And finally - The Daily Show’s Take … pretty much mine - with humour .. or humor - whichever floats your boat!