Corporate Ethics, Fiscal Impact of Immigration, Moral Chivalry

Corporate Ethics and Wells Fargo Guest: Brad Agle, PhD, Professor of Ethics and Leadership in the Marriott School of Management at BYU, Author of “The Business Ethics Field Guide” Thousands of Wells Fargo branch employees, under intense pressure to meet sales goals, opened more than two million bank and credit card accounts without approval of customers, who then got slapped with more than two million dollars in fees for those accounts they never wanted. Wells Fargo has agreed to refund those fees and pay a big fine for the wrongdoing. More than five thousand bank employees have been fired in the scandal and the bank’s CEO John Stumpf will forgo his bonus for this year and tens of millions in unvested stock. But a bipartisan chorus in Congress wants Stumpf fired. He underwent two days of public shaming at their hands. Are Immigrants a Boon or a Drag on US Economy Guest: Pia Orrenius, PhD, Vice President and Senior Economist for the Federal Reserve Bank of Dallas Immigration is such a divisive topic in America right now that even the US Supreme Court can’t agree. The court this week refused to re-hear a case it deadlocked on over the summer, essentially blocking President Obama’s plan to protect some illegal immigrants from deportation. Obama attempted the move through executive action because Congress, too, is stalled on how to reform the immigration system. So, it’s not surprising that both sides of the debate found something to crow about in a massive new report from the National Academics of Sciences, Engineering and Medicine that attempts to say, once and for all, whether immigration is good or bad for the US economy. The short answer is it depends on how you look at it. How Presidential Races Affect Down-Ballot Voting Guest: Robert Erikson, PhD, Professor of Political Science at Columbia University There are dyed in the wool voters who can almost always be counted on to vote a straight-party ticket in a Presidential election. But, in the polling booth, there are also voters making a more calculated