This is an archived article that was published on sltrib.com in 2016, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Eight years ago our economy crashed as the result of unethical, criminal behavior by major banks and stockbrokers. None of them was ever charged with a crime or punished.
Now Wells Fargo is charged with unethical business practices and fined millions of dollars. The stockholders will pay the fine. The executives continue to collect their multimillion dollar salaries and bonuses.
As a stockholder I receive notices of class action suits against my invested companies. I collect pennies from the awards while the lawyers collect millions. Are Harvard and Yale teaching their business students these unethical practices? Are their pastors praising them for their business acumen? Do they have to cheat their customers and stock holders in order to make a profit? If so, they deserve to fail!
The next time we elect a Republican president and Congress and they proceed to deregulate business practices, lower corporate taxes and encourage corrupt behavior by corporations, leading to the next depression, I hope to hell none of them get bailed out. They all deserve to fail.
William R. Adams, M.D.
Murray