Office Detox Podcast

Corporate Predators - Carrie Toldstedt of Wells Fargo

May 07, 2019 Stefania Sigurdson Forbes Season 1 Episode 1
Office Detox Podcast
Corporate Predators - Carrie Toldstedt of Wells Fargo
Show Notes

Have you ever encountered a corporate predator? One thing is that predators can be very charming at first. They draw you in. If you are someone who relies on “vibes” when it comes to people and a predator can overcome that. They have learned a way to appear like a nice person who helps out. Brain scans of sociopaths, with emotional stimuli, says it goes to the analytical side of their brain, rather than just reacting like the rest of us.

In this episode, we look at how Carrie Toldstedt went from a Most Successful Woman to a corporate predator. We will discuss how she went from the head of Well's Fargo and #27 on Fortune's Most Powerful Women to being in charge of a division that gave 2 million, mostly unauthorized accounts for their customers and eventually forced to give back 67 million dollars.

We weave in personal stories, and at the end, we give tips on how to handle corporate predators in your life.

Books

Sociopath Next Door by Martha Stout
Dangerous Personalities by Joe Navarro - this includes the predator "checklist"

Research

https://money.cnn.com/2018/02/27/investing/wells-fargo-sacramento-lawsuit-discriminatory-lending/index.html

https://prospect.org/article/wells-fargo-gets-what-it-deserves-and-just-time

https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal

https://en.wikipedia.org/wiki/Carrie_Tolstedt

https://www.theguardian.com/commentisfree/2016/oct/14/john-stumpf-retirement-wells-fargo-ceo-jail-time

https://www.cnbc.com/2017/04/10/wells-fargo-board-slams-stumpf-and-tolstedt-claws-back-millions.html

https://www.vanityfair.com/news/2017/05/wells-fargo-corporate-culture-fraud

https://www.gsb.stanford.edu/sites/gsb/files/publication-pdf/cgri-closer-look-62-wells-fargo-cross-selling-scandal.pdf

https://www.latimes.com/business/la-fi-wells-fargo-sale-pressure-20131222-story.html

https://www08.wellsfargomedia.com/assets/pdf/about/investor-relations/presentations/2017/board-report.pdf

https://www.govinfo.gov/content/pkg/CHRG-114shrg23001/pdf/CHRG-114shrg23001.pdf

Music

Chris Zabriskie 
A New Day in a New Sector 
The Oceans Continue to Rise
Stories About a World that Once Was 

Kai Engle 
October
November 
Smoldering

Kevin MacLeod 
Fearless First

Music above is used under an Attribution License - http://creativecommons.org/licenses/by/4.0/ 

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