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As evidence of the company's commitment to transparency and good ... of corporate governance at the University of Pennsylvania's Wharton School...
Wells Fargo's board and management team have taken many actions in response to its retail sales practices issues, including changes in senior leadership, executive accountability actions and numerous steps to ensure we make things right with our customers and other stakeholders.
Clearly, you have to blame it on someone.
The board should have examined the entire enterprise.
Bank boards primarily exist to protect management.