Wells Fargo's response to their fraud fiasco (per CNN Money):
"We are eliminating product sales goals because we want to make certain our customers have full confidence that our retail bankers are always focused on the best interests of customers," CEO John Stumpf said in a statement.
The question of the day is whether eliminating incompetent management is a better solution to giving "full confidence that our retail bankers are always focused on the best interests of customers." Retaining management that turned a blind eye to incentivizing fraud gives no banking customer any confidence. As Matthew 18:9 urges "If thine (blind) eye offend thee, pluck it out."