Tim sloan Study guides, Class notes & Summaries

Goods - correct answertangible products that we use to satisfy our wants and needs Services - correct answerintangible products Trade Descriptions Act - correct answera law whereby a good or service must do what the advertising claims Monopolies and Mergers Act - correct answera law aimed at preventing domination of a market by one or two firms ITC - correct answerIndependent Television Comission Monopoly - correct answer(economics) a market in which there are many buyers but only...

This week we look at the principle-agent problem and what went wrong at Wells Fargo. On March 28, 2019, Tim Sloan, the CEO of Wells Fargo, who was supposed to restore the bank's reputation, stepped down. After a very poor showing by Sloan in testimony about the bank before Congress and with long-standing restrictions by the Federal Reserve still in place, the bank seems unable to overcome the crisis created by a whole collection of deceptive practices which rose to the level of fraud. (For more...