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In 2020, Wells Fargo paid $3 billion to settle claims that employees had committed widespread consumer abuses, including opening millions of unauthorized or outright bogus accounts, forging signatures and moving money from real accounts to fake ones.
May 6, 2021 Professor M. Diane Burton will lead the ILR School center that researches, teaches and communicates about monetary and non-monetary rewards from work, and how rewards influence outcomes for individuals, companies, industries and economies. She begins July 1 as director of the Institute for Compensation Studies, Alex Colvin, Ph.D. ’99, announced May 5. Colvin is ILR’s Kenneth F. Kahn ’69 Dean and the Martin F. Scheinman ’75, MS ’76, Professor of Conflict Resolution. Burton succeeds founding director Kevin F. Hallock, ILR’s Joseph R. Rich ’80 Professor of Economics and...
by Steve Bittenbender, The Center Square | December 11, 2020 02:00 PM Print this article Initial claims for unemployment rose by more than 38 percent last week in New York, according to the latest data from the U.S. Department of Labor. New York reported 63,391 first-time claims for the week that ended on Saturday; that was up from the 45,863 the week prior. Nationally, there were 947,504 initial claims last week, up nearly 32 percent from the week prior. Those figured are not adjusted seasonally. While the number of initial claims rose substantially in N...