Remember the musical, with little Ron Howard singing/lisping "oh please let it be for me"?
I can't believe CEO Stumpf is refusing to step down, or that the board of directors hasn't fired him. It's also unbelievable that Tolsedt retired with a golden parachute.
It's obvious that corporate fines aren't going to change the culture of greed. Neither is firing 5,000 low level employees. I'm not sure last-minute salary, bonus, or stock option claw-backs are enough, either. I think someone from executive leadership actually needs to be prosecuted and sent to prison.....just like any other criminal.
It would be a good step forward, and maybe the first step that's been absent since the '08 financial crisis. What do you think?