Facebook and Wells Fargo are in bottomless pits of scandal. They each reacted differently
New York (CNN Business)One company said goodbye to its CEO and other top executives, clawed back tens of millions of dollars in pay, installed a new chair and hired a law firm to find out what went wrong.
The other company hired thousands of new security workers, conducted opposition research on George Soros and insisted senior executives are here to stay.
Facebook and Wells Fargo are both trapped in bottomless pits of scandal, with a chorus of negative headlines damaging their once-vaunted brands. But they’ve reacted to their crises in very different ways. Facebook has, at least until now, largely resisted the broader shakeups that Wells Fargo reluctantly agreed to over the past two years.
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