I agree senior management were "assholes or idiots", and did not do a good enough job preventing employees from stealing. If I owned WF shares I'd be really angry and I'd probably vote against the current board of directors.
But I'm replying to a post alleging that RICO should be used - essentially claiming that WF is the equivalent of a mafia front and that the CEO is basically Tony Soprano. That's what I'm arguing against.
If the claim that "Employees who do not reach their quotas are often required to work hours beyond their typical work schedule without being compensated for that extra work time" is true, then it's not the employees stealing from the employer but the other way round.
I won't comment on the applicability of RICO but we must hold executives personally accountable for the behavior of their organizations. In many cases that might reasonably mean severe financial penalties and being barred from working in an industry rather than jailtime. I'm not calling for their heads but they have to be held accountable when they don't create effective policies and permit or encourage company cultures that allow fraud and abuse to flourish. And effective policies don't just mean jotting them down in a rule book or creating an ethics hotline. You have to create the processes and structure to enforce them and detect violations.
But I'm replying to a post alleging that RICO should be used - essentially claiming that WF is the equivalent of a mafia front and that the CEO is basically Tony Soprano. That's what I'm arguing against.