Question

Offered Price $14.00

Strayer ECO550 Week 9 Discussion Latest 2020 April

Question # 00612433
Subject: Education
Due on: 05/22/2020
Posted On: 05/22/2020 08:01 AM
Tutorials: 1
Rating:
4.1/5
nyanya
Posted By:
Questions:
27185
Tutorials:
26106
Feedback Score:

Purchase it
Report this Question as Inappropriate
Question

ECO550 Managerial Economics & Globalization

Week 9 Discussion

Context

This week we look at the principle-agent problem and what went wrong at Wells Fargo. On March 28, 2019, Tim Sloan, the CEO of Wells Fargo, who was supposed to restore the bank's reputation, stepped down. After a very poor showing by Sloan in testimony about the bank before Congress and with long-standing restrictions by the Federal Reserve still in place, the bank seems unable to overcome the crisis created by a whole collection of deceptive practices which rose to the level of fraud. (For more information, refer to the 2018 article "Fed Won't Lift Wells' Growth Cap Until Deficiencies Are Fixed: Powell" from American Banker.)

On October 21, 2019, Charles Scharf officially assumed the role of CEO. Can he succeed in restoring the reputation of Wells Fargo as the bank that always does the right thing? This week's discussion will provide you with an opportunity to put yourself in the shoes of someone advising Mr. Scharf.

Instructions

For this discussion, you are going to advise Mr. Scharf on a key issue.

What about the incentive system employed by Wells Fargo resulted in massive creation of fake accounts by the retail operation? And why did it only get worse from there?

As you dig into this issue, remember Froeb's rule from Chapter 1: "Avoid the temptation to think about the problem from the employee's point of view . . . [and ask] how does the organization give employees enough information to make good decisions and the incentives to do so?" (1).

Your post for this discussion should answer the question above and address components of motivation and incentive in order to present Mr. Scharf with reasonable and evidence-supported advice on this issue.

Sources

Luke M. Froeb. 2018. Managerial Economics: A Problem Solving Approach (5th ed.). p. 8. Cengage.

Note: In your discussion posts for this course, do not rely on Wikipedia, Investopedia, or any similar website as a reference or supporting source.

To earn full credit for your discussion, you must complete one post and one follow-up or reply to a classmate. Make sure both the post and the reply focus on the questions asked.

 

Tutorials for this Question

Available for
$14.00

Strayer ECO550 Week 9 Discussion Latest 2020 April

Tutorial # 00610849
Posted On: 05/22/2020 08:02 AM
Feedback Score: Not rated yet!
Puchased By: 0
nyanya
Posted By:
Questions:
27185
Tutorials:
26106
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview …xCx550 xxxx 9…
Update History
  • New attachment added: Strayer_ECO550_Week_9_Discussion_Latest_2020_April.docx (06/04/2020 06:02 AM)
  • Attachments
    Strayer_ECO550_Week_9_Discussion_Latest_2020_April.docx (26.83 KB)
    Preview: pxrtxcxlxr:Pxxplx xxxx chxxt xx yxx hxvx x sxlxs xncxntxvx xx plxcx, xxxx xxxx yxx xxxx cxntrxls xn xxxxx tx fxnd xxx chxxtxng xxxxxxx xx crxtxcxl xx fxxlxng tx xxxxxxxx xnd rxpxdly xxxxxx xny xxxxxxxxx xxx cxn xxxxxx x cxltxrx xx wxllfxl xgnxrxncx xxxx wxllfxl xxxxxxxxx xxxxxxx systxmxc, xxxx pxxplx bxcxmx xxxxxxxxxx tx chxxt xx yxx xxxx xx xlxmxnxtx xxx rxsk mxs-sxllxng xxxxxxxxxxx xlxmxnxtx sxlxs xxxxxxxxxx Cxmpxnxxs xxxx xx dx xxxx xnly xncx xxxx xrx cxxght xxxx x xxx xxxxxxx xnd xxxx xs xnfxrtxnxtx xxxxxxxxxxx whxn prxpxrly xxxxxxxx xnd xxxxxxxx xxxx x xxxxxx cxrpxrxtx cxltxrx, xxx sxccxxd Dxrrxll xxxx Rxply xxxxx xxxxx xxthxrHxdx x rxplxxs (3 xxxxxxx 6 dxys xxxxxxxxxxxx Pxrxdxs xxxxxx xxx Wxxk x DxscxssxxnCxLLxPSxxvxrxll Rxtxng:1234512345Hxllx xxxxxxxxx xgrxx wxth xxxx pxst! xxxxxx xxxx jxst xx rxspxnd whxn xxxx fxxl prxssxrx xx whxn xxxx xxx rxcxxvxng x typx xf xxxxxx x thxnk xxxxxxxxxx mxst xxxx xxxxxxxxxx tx xxxxx xmplxyxxs tx xxxxxxx thxxr dxvxlxpmxnt, xxxxx cxpxcxtxxs xx xxxxx wxrk, xxx thx prxfxtxbxlxty xx thx cxmpxny x xlsx xxxxxxxx xxxx xmplxyxxs xxxx cxmmxt tx xxx fxrm thxy xxx wxrkxng xxx xxxxxxxxxxx mxst xxxx lxxrn tx xx lxyxl tx xxx fxrms xxx xx thx xxxxxx thxt xrx xxxxxxx thxm Txkxng x lxttlx xxx xxxx bxth xxxxx wxll bx xxxxxxx fxr mxxntxxnxng x bxsxnxss xxxxxxx xxxxxxxxxxx xnd xxxxxxxxxxx bxxng mxrx xxxxxxxxxxx xnd prxdxctxvx xxxxx Qxxtx xxxxx xxxxxx 4 xxxx xgxRxsx Hxndxrsxn xxx Wxxk 9 xxxxxxxxxxxxxxxxxxxxxxxxx Rxtxng:1234512345Hx xxxxxxxxxxxx xxxx nxnx-dxscxssxxn xxxx xn “Thx xxxxxxxxxxxxxxx Prxblxm: Tx xxxxxx xncxntxvx xxx xxxx tx xxxxxxxxxx Mxtxvxtxxn” wxs xxxxxxxxxxx xnd tx xxx pxxnt xx xxx dxscxssxxn x xgrxx wxth xxxx yxx sxxd xx xddxtxxn, xxxxxxxxxx xx wrxng xxxx thxy xffxnd xx dxmxnxsh xxr xxxxxxx sxnsxbxlxtxxs xxxxxxxxxxxxx xxx sxcxxtxxs xxxx xn xncxntxvxs/rxwxrds xx hxrnxss pxxplx’s/wxrkxrs xxxxxxxxxxxxx xnd xx xxxxxxx bxsxnxss xxxxxxxxxxxxx Whxn sxlf-xntxrxst xx mxnxy - xxx xf xxx xxxx strxng xxxxxxxxxxxx xndxvxdxxl mxrxls xxx bxsxnxssxs mxrxl xxxxxxx gxxs xxx xxx dxxr xxx xdvxcx yxx xxxxxxx Mr Schxrf xxx spxt xx xxxxxx yxxr xxxx nxnx pxst xxx xnlxghtxnxng xnd xx xxsy xxxx xxxxxxxxxxxxxxxx 30 xxx 2020 frxm: xxxxxxxxxxx xrg/2009/03/whxn-xcxnxmxc-xncxntxvxs-bxckfxrxHxrvxrd Bxsxnxss xxxxxxx Mxy/Jxnx xxxxxxxxx xxxxx xmxxl xxxxxx 4 dxys xxxxxxx Lxx Rx: xxxx 9 xxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxx xnsxghtfxl xxxx x xgrxx xxx lxxrnxd x xxx frxm xxxx xxxxxxxx xspxcxxlly xxx nxtxrx xf xxxxx whx xrx xxxxxxxxx by xxxxxxxxx xxx thx xxxxxxxx frxm thx xxxx xnstxxd xf xxxxxx xntxrnxl/sxlf-mxtxvxtxxn xx xx thx xxxx thxy cxn xx sxppxrt thx xxxxxxxxx vxsxxn/mxssxxn/xbjxctxvxs xxxx xxxxxx xnly xxxxxxx xmxxnt/qxxlxty/lxvxl xf xxxx xqxxtx tx xxxxx pxsxtxxn/wxgx/sxlxry x xx mxrx xx nx lxss xx xs nxt xxxxxxxx bxt xx xxxxxxxxxxxxxxxx xttxtxdx/pxrfxrmxncx xxxx xntxrnxl mxtxvxtxxn xxxxx Qxxtx xmxxl xxxxxx 1 xxx xxxxxxxxx xwxssx xxx Wxxk 9 xxxxxxxxxxxxxxxxxxxxxxxxx Rxtxng:1234512345Hxllx Dxrrxll,Grx.....
    * - Additional Paypal / Transaction Handling Fee (5% of Tutorial price + $0.30) applicable
    Loading...