Analyze the material in the article using concepts and frameworks. Not all the c

Question

Analyze the material in the article using concepts and frameworks. Not all the concepts need to be included but ensure that at least one or two are include in your material. Concepts to include:

1. Organizations and Organization Theory

2. Strategy, Organization Design, and Effectiveness

3. Fundamentals of Organization Structure

4. The External Environment

5. Interorganizational Relationships

6. Designing Organizations for the International Environment

7. Manufacturing and Service Technologies

8. Using Information Technology for Control and Coordination

9. Organization Size, Life Cycle, and Decline

10. Organization Culture and Ethical Values

11. Innovation and Change

12. Decision-Making Processes

13. Conflict, Power, and Politics

Wells Fargo Is Investigating Bankers' Alleged Expense Violations

Wells Fargo & Co. is investigating employees in its investment bank for alleged violations of its expense policy after they tried to get the company to pay for ineligible evening meals.

The lender has already fired or suspended more than a dozen staff members for allegedly doctoring receipts to allow them to expense the meals, the Wall Street Journal reported earlier Thursday, citing people familiar with the matter it didn’t identify.

“We became aware that certain Wells Fargo Securities team members were not complying with the after-hours meals reimbursement policies after they were brought to the attention of our leaders by concerned team members,” Jessica Ong, a spokeswoman for Wells Fargo, said in an email to Bloomberg. “We took action to address the issue and we continue to investigate the matter.”

Investment bankers allegedly doctored the time of emailed receipts to qualify the purchases for reimbursement from the bank, the Journal reported.

The latest revelation of misconduct at Wells Fargo comes as the San Francisco-based bank tries to overhaul its internal culture after two years of lawsuits, investigations and fines that have taken a toll on the firm’s reputation, business and relations with regulators. Scandals began erupting in 2016 when regulators said the bank had opened millions of accounts without customers’ permission.

Chief Executive Officer Tim Sloan has said the company is committed to making the changes necessary to shore up operational and compliance risk. Earlier this year, Wells Fargo launched an ad campaign, “Re-Established,” with the aim of assuring the public that it’s committed to fixing its problems and righting the ship.

Wells Fargo has been dealing with a Federal Reserve-imposed growth ban requiring it to clean up its act to the regulator’s satisfaction before the bank can increase assets beyond their end-of-2017 level. Since the order -- Janet Yellen’s final act as the Fed’s chair -- took effect, the list of the bank’s lapses has grown to include unnecessary foreclosures and a U.S. inquiry into its purchase of low-income housing tax credits.

Explanation / Answer

This case explains that the US bank well Fargo has fired more than dozen employees as they tried to get the company to pay for ineligible evening meals. They falsified the time on dinner receipts to be eligible for reimbursement. But the bank's policy allows dinner orders only for employees who stay at work past a certain hour. This shows the result of not complying to Organization Culture and Ethical Values as they have violated the company’s expense policy regarding after-hours meals.The consequences of laying off staff for this matter may be too harsh for the company given other problems that company is facing like improper customer charges by the Justice Department and other state and federal entities. It all happens after its sales practice scandal. This it is dealing with both external environmental problems and internal problems

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