Wells Fargo's notorious sales goals to get a makeover

Buffett: Wells Fargo is 'a great bank that made a terrible mistake'

Buffett: Wells Fargo is ‘a great bank that made a terrible mistake’

Wells Fargo is set to launch a new pay plan next week to replace the wildly unrealistic sales goals that have been blamed for corrupting its retail bank workers.

Instead of lofty sales targets, which were eliminated last year amid a firestorm of controversy, Wells Fargo (WFC) said on Friday that it’s employees’ new compensation structure will emphasize customer satisfaction.

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